Monday, July 23, 2007

Katrina Contractors Mad Over Missed Payments

Contractors hired to clean up after Hurricane Katrina are fuming over delays in getting paid by FEMA, and some politicians fear the red tape will discourage companies from bidding on the big rebuilding projects that lie ahead for New Orleans. One company claims it is owed about $150 million and some contractors have walked off the job or gone to court to get the money they say they should have been paid for demolition and debris removal completed as much as a year and a half ago. One contractor, who is suing for about $1.7 million for tree clearing in 2005 said they had better hope another storm doesn't hit them or you guys will be under water for six months. Every body has a bad taste in their mouth from Louisiana.

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