bleeding a project

bleeding a project

(1) In construction,charging excessive development and construction oversight fees,renting one's own equipment to the project at inflated prices,and perhaps putting family members on the payroll in order to bleed off as much money as possible.(2) In rental property management, refusing to make ordinary repairs and replacements in order to take as much cash flow as possible from the project, but with a resulting rapid deterioration of the property. In an area of limited consumer choices, such as communities with high concentrations of low-income housing,the landlord almost never suffers the consequences of this type of decision.