It seems like every week we are writing about a technological failure from a Prime Vendor. It would appear that it is Cyprexx‘s turn. Ronnie Ory’s lavish spending, first beginning with the $1 Million contribution for a presidential inauguration and culminating in the massive
COVID era loans taken, totaling $4.3 Million, has really come into focus. Daily reports are coming in on two fronts. On the first, the turmoil over Cyprexx’s ability to retain qualified Labor has hit all time lows. In fact, rather than buttressing their existing networks of node based Labor, familiar with the localized requirements, Cyprexx is encouraging under capable firms offering massive coverage at a lower rate. With rates at all time lows and volumes even lower, combined with all time highs in pay from Fannie Mae, Freddie Mac, and HUD, avarice and greed are ever present. The problem with this is that the lowest price paid — generally around $5.90 per inspection or $25 per cubic yard for debris removal minus an X% discount — does not mean that the product produced cheaper is any better. The reality is that cheap labor is not skilled and Skilled Labor is not cheap. Cheap Labor and second rate results is not the only problem, though.
As seen in the above snapshot from the Cyprexx website, updating information or their technology has been extremely lax. The latest Press Release is from 2017 and located here. Stagnating wages and lack of accountability aside, as seen in the recent Sullivan v Cyprexx, et al. case, the reality is that when you are incapable of moving work orders in and out of your system, you lose money. The only difference here is that Ronnie and Linda Ory ensure that Labor foots the bill for the fraudulent score cards Labor’s pay is based upon and not their bottom line.
Even the Better Business Bureau lists dozens of complaints against Cyprexx which demonstrates profits over people. To that point, there is no amount of US government loan money which could prevent the inevitable CFPB investigations anticipated to move forward. Whether it be consumer complaints, contractor chargebacks, or the refusal to provide adequate access to technology, Cyprexx’s continued investigation of itself, by itself, and finding nothing wrong is, in itself, the problem.
