This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Contractors seek payment for Iowa football project

By RYAN J. FOLEY

IOWA CITY, Iowa (AP) a¿¿ More than a year after its completion, several companies that helped build the University of Iowa's new indoor football practice facility say they are still owed money for their work.

Four subcontractors have filed claims in state court in recent weeks alleging the project's general manager, the Samuels Group Inc. of Wausau, Wis., owes them a total of more than $1.5 million, records show.

In a separate federal lawsuit, the Samuels Group argues that it should not have to pay some of the companies because they delivered and installed metal panels that did not initially meet specifications, causing delays and extra costs. And in October, Samuels filed a claim asking the university for an additional $105,000.

State and federal judges are expected to sort out the claims in the coming months. The litigation follows a project that has been hailed by the football team, which was competing in the Outback Bowl on Wednesday, for improving their practice environment.

The facility, completed in August 2012, replaced a 25-year-old campus landmark nicknamed "the Bubble" for its inflatable white cover. It features a metal roof and panels that allow daylight inside and a full-length football field with artificial turf.

The building and the renovation of a nearby outdoor practice area were the first phase in a $55 million project to upgrade the team's practice, training, meeting and office space.

The Samuels Group won a competitive bidding process to land a $12.4 million contract to manage the project. Samuels in turn hired subcontractors, some of whom also hired additional subcontractors. In all, 10 companies worked on the project, which started in 2011.

In the federal lawsuit filed in August 2012, the Samuels Group claims that some problems started after it hired Guilford Building Systems of North Carolina to provide and install metal wall panels. Guilford hired Florida-based Kingspan Insulated Panels to manufacture them.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs