Subbies stake their NAMA claim

Look like the subbies who are owed zillions in unpaid bills from developers are staking their claim for their share of the NAMA pie.

independent.ie/business/iris … 66461.html

You know what will happen,

The builders will submit a quote, and when the Nama process is complete, submit a final bill which will be significantly higher.

Thats what happens to all builders that I have had dealings with anyway. :slight_smile:

What ever happened to responsibility? they were in business ffs, they should have taken out credit insurance, employed decent credit controllers, even for a few days a month, that would have mitigated some of the losses.

Jesus, we are slowly becoming the bailout capital of the world.

If anyone ever questions moral hazard 2008-2010 should be textbook.