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0 pointswmf6y ago0 comments

So if the contractor runs out of money and goes bankrupt when the project is 90% complete, then what? Spend far more money with a different contractor to try to pick up the pieces?

0 comments

ceejayoz6y ago

For starters, don't give contractors projects so large they're an existential threat to the company. Northrop Grumman makes billions in profit every year, and the JWST has been in the works since 2003. They (and their insurance) could afford to pay for the fuckups.

When a bank collapses, the FDIC steps in, takes over operations, and ensures it keeps running while they find a different bank to take it over.

It's a rather fascinating process: https://www.npr.org/templates/story/story.php?storyId=102384...

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0 pointswmf6y ago0 comments

So if the contractor runs out of money and goes bankrupt when the project is 90% complete, then what? Spend far more money with a different contractor to try to pick up the pieces?

0 comments

ceejayoz6y ago

When a bank collapses, the FDIC steps in, takes over operations, and ensures it keeps running while they find a different bank to take it over.

It's a rather fascinating process: https://www.npr.org/templates/story/story.php?storyId=102384...

j / k navigate · click thread line to collapse