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Thursday Morning Notes

by RestonNow.com April 26, 2018 at 9:00 am 12 Comments

Major issues found on Silver Line extension — “Significant concrete issues have been found in potentially thousands of locations along the second phase of the $2.7 billion Silver Line Metro extension in Northern Virginia, project officials say. The issues are raising serious questions about the durability of concrete and quality control in the largest transportation project in the region.” [NBC 4]

A new hire — Comstock has hired Timothy Steffan as executive vice president of development and asset management. [NASDAQ]

Reston federal contractor files for bankruptcy — “STG Group Inc., the publicly held and financially embattled government contractor whose holding company was recently acquired for $83 million by SOS International, has filed for Chapter 7 bankruptcy liquidation.” [Washington Business Journal]

The signature touch — A grand opening celebration for the new residential building in Reston Town Center is set for May 10. [The Signature]

An e-introduction — Check out a few of the farmers at the Fairfax County Farmers Market at Lake Anne Village Center. [The Connection]

Flickr pool photo by vantagehill

  • 30yearsinreston

    Third world contruction issues in the Metro build ?

    Who could have known

    • Mike M

      Look for the union label . . .

      • TEAMSTERS #1

        Phase 2 was based on non union.

        Now you see the difference

        • Mike M

          Fake news. Union disinformation.

          • E

            Concrete pre-cast in Pennsylvania. The girders that were faulty were manufactured in Chesapeake, VA.

            And this the fault of labor on the ground in Reston but not the contractor.

          • Greg

            Is that what he said?

      • Zak Taccardi

        scenario: I’m running a business.

        I’m getting paid $100 to build X.

        It will cost me $60 to build X, so I’ll profit $40.

        But if I water down the concrete, I can reduce costs to $45 – so I profit $55.

        This is the problem with private companies contracting with the federal government.

        • Mike M

          You assume the government buyers are stupid. They can and often due base payments on results. They also often control profit rates. So your model is simplistic. And consider what the unions do to your own equation. They make it worse.

          • Zak Taccardi

            I honestly don’t know enough about unions, but it seems unions are flawed in the same way that private companies and governments are – humans can be corrupted.

            > You assume the government buyers are stupid. They can and often due base payments on results. They also often control profit rates.

            I wonder what the payment model looks like then.

          • Mike M

            Important question. I don’t know. I assume the worst.

        • Why do you bother?

          Exactly.

      • Why do you bother?

        That’s not about unions. That’s about shifty contractors.

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