![]() ![]() Nan won the contract with a bid $10 million less than that of its nearest competitor and almost $25 million below what HART had estimated the cost would be. Last month the company was awarded a $56 million contract from the Honolulu Authority for Rapid Transportation to build three west Oahu rail stations. The company has become a player in the construction of Honolulu’s rail system, at $6 billion the largest public works project in state history. Nan collected $144.8 million of that while it was an 8(a) participant itself and another $262 million was raked in through partnerships with Su-Mo, a company owned by former Nan employee Su Yong Yi.īut Nan’s contracting activity hasn’t been limited to military work. Since Nan began its contracting business as Ocean House Builders more than 20 years ago, the company, its owner Patrick Shin, his relatives and affiliated corporations have received at least $636 million in military contracts. ![]() The program allows for the awarding of no-bid federal contracts and other preferential treatment and enables small firms to form joint ventures with bigger, more established companies to bid on even larger contracts.īehind Closed Doors: Honolulu Rail Officials Planned Political Strategy in Executive Session February 24, 2015 Small Business Administration’s 8(a) Business Development Program for small, economically disadvantaged companies predominantly owned by women and minorities. The accusations have illuminated the often murky, complex and profitable world of the U.S. It’s a messy confrontation being played out in two different courtrooms with the warring parties accusing each other of lying, cheating, self-dealing, cooking the books, shortchanging subcontractors and attempting to deceive the federal government in obtaining millions of dollars in contracts. The legal skirmish centers on a disintegrating business partnership between Su-Mo Builders, an obscure construction company located in Kalihi with about 20 employees, and Nan Inc., a well-known Hawaii corporation recently awarded its second multimillion-dollar contract for work along the city’s 20-mile elevated commuter rail line. A business deal brokered more than 10 years ago during a clandestine meeting at an Italian restaurant in Hawaii Kai has set the stage for a bitter legal dispute that today embroils a Honolulu rail contractor in allegations of fraud, deception and profiteering. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |