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Started By
Message
1
Posted on 5/21/24 at 9:25 pm to ragincajun03
Project was bid before Covid and the massive delays, supply chain disruption and enormous cost increases post Covid combined with Zac "internal inefficiencies" are at the heart of this. We are owed 5MM so my bonus is likely be effected by this. 
Posted on 5/21/24 at 9:34 pm to PerceivedReality
It’s not just materials. Labor escalation, especially with the LNG projects, has crippled the industry as a whole. I deal with it every day on my projects. LNG projects soak up so much of the finite labor pool, they pay out the arse to get the shear number of workers they need to build one. It strains them and every other industrial project along the gulf coast. There are only so many craft people who can work industrial to go around. The LNG projects quite literally have driven the overall cost of doing business in the industrial construction sector much much higher than they should be.
This post was edited on 5/21/24 at 9:36 pm
Posted on 5/21/24 at 9:39 pm to LAblues
For exactly one second I thought the township of Zachary was filing bankruptcy.
Posted on 5/21/24 at 9:46 pm to LAblues
Do they not bond jobs of this size? No idea who you'd go to for bond of that size. Wonder how much they left on the table? I bid one the other day, came in 3rd at 24.3 mil, 2nd 24.1, low bidder was 19.8. He's not big enough to eat 4 million, so we might be on the job before it's all said and done.
Posted on 5/22/24 at 2:26 pm to LAblues
They were laying off employees to try to pay gas and other bills. Not surprised.
Posted on 5/22/24 at 2:38 pm to PerceivedReality
quote:
When was this thing put out for bid? Years ago? Look at how much materials have gone up. Especially industrial materials for a project this large.
Usually major materials are purchased by the operator not the contractor.
Posted on 5/22/24 at 2:41 pm to KemoSabe65
quote:
CB&I bought a turd sold to them by a bunch of frauds namely J Bernhard.
CB&I made a shitty acquisition. That's on them, not Bernard.
Posted on 5/22/24 at 2:54 pm to notiger1997
quote:
No shite. I wonder how late the payments are to Sunbelt. This had to start looking ugly some time ago
Probably rolled out a new AP/AR portal that was overly complicated then blamed that for the reason why invoices weren't getting paid on their 60 day terms
Posted on 5/22/24 at 6:36 pm to GumboPot
quote:
quote:When was this thing put out for bid? Years ago? Look at how much materials have gone up. Especially industrial materials for a project this large. Usually major materials are purchased by the operator not the contractor.
Not always the case. I’ve been on a few mega projects (owners side) and several major ($100-$500MM+) projects where the contractor procured a good portion or a majority of the major equipment and bulks.
Posted on 5/22/24 at 7:03 pm to LAblues
Wow. I almost awarded a job to Zachry.
Could have been me.
Could have been me.
Posted on 5/22/24 at 7:18 pm to KemoSabe65
quote:
Bechtel will finish it and make huge money
XOM is a capable company but in a bind if committed to a hard completion date. Bechtel won’t bend them over but won’t do them any favors.
Risk Management is a bear that can eat you alive.
Posted on 5/22/24 at 7:57 pm to Geaux Piggins Geaux
Bechtel saved Vogtle, they’ll save this one too.
Posted on 5/22/24 at 8:26 pm to 225Tyga
quote:
This why sending in a change order is never the answer to recoup your cost.
If you suck at managing a project and blow through your budget...dont expect owners to step in and pay it to help you out. Especially if youre dealing with Exxon and QatarEnergy.
You have no idea WTF you’re talking about. Sending a change order is often the answer to recoup your costs. We’ve done it many times.
Also, it might be true that they did a poor job managing the project, or it could be false.
Posted on 5/22/24 at 8:46 pm to HandMeMyWrench
quote:
They were laying off employees to try to pay gas and other bills. Not surprised.
Oof meme goes here.
Posted on 5/22/24 at 8:52 pm to Honest Tune
How does this affect Venture Global in Plaquemines Parish? Isn’t that kZjv building that one with the Z being Zachary?
Posted on 5/22/24 at 9:12 pm to LAblues
I figured Baker would go first
Posted on 5/22/24 at 10:24 pm to Jester
quote:
I figured Baker would go first
It did
Posted on 5/22/24 at 11:26 pm to Basura Blanco
Any truth to the rumor they folded a lattice boom crane at Venture Global and might get run off that job?
Posted on 5/23/24 at 6:00 am to Ronnie
quote:
Any truth to the rumor they folded a lattice boom crane at Venture Global and might get run off that job?
I know the crane did collapse, but I don't know who was operating it.
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