Word: contractors
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...Vautin said Harvard has learned its lesson from the MATEP fiasco and will seek to find an independent contractor to run the plant...
...Thompson, 62, certainly miscalculated. A bookkeeper for an electrical contractor, she retired in May 2000 mainly on the security of $300,000 in a company profit-sharing plan. But the bear market has claimed half of her retirement pie, and Thompson, a divorce, recently gave up hope of finding a job in her hometown of Chesterfield, Mo. She will start looking again in the fall, she says. Her money had been invested in a mix of bonds, tech stocks, blue chips and large-company growth funds. She's kicking herself for not investing more conservatively...
Help with financial matters came next. Two years ago, Slocum found out his mother had been swindled by a door-to-door contractor: "I said, 'You paid $4,700 for that yard work?' She started crying." Slocum adopted a gentler tone and persuaded her to let him read all future contracts first. Throughout, her family has respected her independence, she says. She lets Slocum review her checking account, but not without some discomfort. They are worried about her fixed income, and she wants to buy birthday presents for her grandchildren and great-grands. "I half-listen," she says...
...most egregious example of the mess the agency is in. Here's another: DCF has spent eight years and some $170 million developing a computer system to track the children in its care better--and it still doesn't work. HomeSafenet took five years to plan, and then no contractor could be found to implement it. DCF itself introduced the first phase, which was met by complaints that the system was riddled with problems. Florida legislators will now make quarterly assessments before releasing chunks of the $60 million DCF says it needs to make HomeSafenet fully operational...
Brett Wells, director of operations at QAC Inc., an electronics-manufacturing contractor in Pelham, N.H., says his employer is being drawn deeper into a network of shifting alliances with designers of X-ray machines, computers and cell phones. "They're becoming virtual manufacturers," Wells says, "while the real manufacturing is done by the contractors." QAC's customers are sending teams of auditors to the firm's factory to scrutinize its machinery, measure its capacity, ask about its other customers and even examine its financial statements...