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Re: BeerIsGood post# 255357

Saturday, 01/11/2014 5:08:30 PM

Saturday, January 11, 2014 5:08:30 PM

Post# of 312014
10 Years of experience in Capital Projects along with several stints working on construction sites?

Another poster posted the fact that if they were to build on an RKT site, for example, if it is a Union shop, they will have to pay Union rates. That is called a Closed shop and that will be applicable almost anywhere.

I have worked for several Large companies, notable in Industrial gases. They are referred to as the Owner. The Owner, when they decide to undertake capital projects, procure services from Subcontractors to execute the work and buy equipment from Vendors. JBI would be a vendor.

In order to buy the equipment as a part of the Capital Project, they need to have the product shipped with a full set of plans so that it is constructible, and with a Users Manual for safe operation. Does JBI have a full set of plans? I know that it is modular, but IMO it is not compact enough to be saleable.

The Owner will contract with a construction company or an EPCM (Engineering- Procurement- Construction Management) company to execute the work. Any construction company will demand top dollar for their services. They will be Unionized.

Also, if it is a Fortune 500 company, such as the one that I worked for, Safety will be a part of their culture and also integral to their business success. Any subcontractor that works with them will have to conform to the same standard. There is no way that they can have a bunch of guys screwing around with forklifts for what is a crane job. I am not sure the reasons why it is integral to their business success, I just know that it is. I think they pay insurance for Workmen's Compensation, but I am just guessing. Companies do not like fatalities or Incidents. it is bad for their image and morale, and also costs money.

I worked at a mining company several years ago that had a fatality while I was there, and has had several since. It hurts their image, and the stock price.

That is where my "nonsense" came from. Does that answer your question?