whitewolfkingndanorf t1_jcg7xn1 wrote on March 16, 2023 at 4:38 PM

Reply to comment by winnower8 in City terminates infrastructure contract after late payments by locker1313

>So what? The City should continue letting Metra paying contractors late?

whitewolfkingndanorf t1_jcfly3d wrote on March 16, 2023 at 2:15 PM

Reply to comment by MichMaybenot in City terminates infrastructure contract after late payments by locker1313

For smaller companies, sure. But Metra has a $150m contract with the City. They should have enough cash reserves to pay small business owners.

If a company has >25% of its receivables or revenues from one customer, then that’s not ideal. If that was the case here with Metra, then the City should look for another contractor that isn’t so dependent on the City’s contract.

whitewolfkingndanorf t1_jcfi98i wrote on March 16, 2023 at 1:48 PM

Reply to comment by A_P_Dahset in City terminates infrastructure contract after late payments by locker1313

So what? The City should continue letting Metra paying contractors late? Also, Metra shouldn’t be involved in this contract if their cash flow is so heavily dependent on just one customer, the City.