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The Water Cooler
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Inflation - Tulsa Home Builders Edition
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<blockquote data-quote="NationalMatch" data-source="post: 3712092" data-attributes="member: 48586"><p>Back in the day, my folks had two construction companies. One union. One nonunion. </p><p></p><p>Union was for big budget contracts. Govt. stuff. DOD/Fort Knox. Housing authority of Louisville. </p><p></p><p>The other was nonunion. That was for smaller jobs that didn't require union labor. Both the above (DOD and HAL) required union.</p><p></p><p>But back then, they sometimes got jobs for cost plus. That took into account sliding materials prices, etc. Otherwise, the bid was the bid. Go over budget? The latter meant he ate the difference.</p></blockquote><p></p>
[QUOTE="NationalMatch, post: 3712092, member: 48586"] Back in the day, my folks had two construction companies. One union. One nonunion. Union was for big budget contracts. Govt. stuff. DOD/Fort Knox. Housing authority of Louisville. The other was nonunion. That was for smaller jobs that didn't require union labor. Both the above (DOD and HAL) required union. But back then, they sometimes got jobs for cost plus. That took into account sliding materials prices, etc. Otherwise, the bid was the bid. Go over budget? The latter meant he ate the difference. [/QUOTE]
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