Dear YouDig?
We have been working for months as the electrical subcontractor on a massive project, only to find out today that the lender stopped funding the project FOUR WEEKS AGO!! No one mentioned this to us. We have not been paid for weeks and now we are under water! Can this be happening?
-Drowning In Sorrow
Dear DIS,
You should have no problem coming up for air and swimming because you did all of your due diligence when you bid the job and protected yourself in the details of the project documents, right DIS?
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You certainly performed due diligence on all of the up-stream project players before you made your commitments, right DIS?
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You made sure there was a payment bond on this project before you accepted the work, right DIS?
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You protected your lien rights on the property like a good subcontractor should, right DIS?
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While the job was running you built a great relationship with the project management team so you could obtain information promptly … ummmm, DIS?? … Did you?
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Hello … DIS … DIIIIIISSSS??
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When the money stops, you should try to stop. Maybe your lawyer can find a way, DIS. Theories of lender liability, equitable remedies,enforcement of lien rights for instance … YouDig?