Scout, you are awfully harsh.
A showboat is different than other factory boats? The last NT I saw at a boat show was one that had been purchased by a charter company. I didnt seem to find any difference in fit and finish. If anything, I saw improvement of build quality over older Nordic Tugs.
As far as a company getting a line of credit is concerned, what good company wants to rely on a line of credit? More importantly , what customer would want their builder to be using a line of credit? Finance costs will always be passed on to the customer.
Regarding the comments about payments, it is only good business to have everything paid for by the time a boat is finished. If a buyer somehow comes up short of cash on their build, it endangers the health of the company and all the other orders in production.
Sure if you want to go and get an AT go ahead, but you are not going to get far here bashing NT. The last I heard from the local dealer is the factory is operating at full capacity right now and the orders are backed up. Sur3e AT has been pretty busy for the last few years while NT seemed like it was on the brink. But today its a different story. A question you may ask yourself is why is AT now losing so many sales to NT after such a good run?
As far as motors go, I , too, would insist on a cummins, deer or kubota. I did notice the last NT49 that rolled off the production line in September had a Cummins engine in it.
As regards harsh or not harsh, that is a matter of opinion. Being an engineer, I like to deal in facts with little emotion. One persons facts maybe another's harsh statements. Given building a boat is a risky proposition on a good day, I prefer err on the side of black and white instead of gray.
As far as pay as one builds a boat, I agree that the funds should be verified and possibly escrowed to fund the build. Where I differ is that the funds should be held by a third party escrow company not paid to the builder as the build progresses. If they need cash to cover the build, that is where an operating line comes in
Finally, as to Nordic's backlog, I would take a dealer's statement with a grain of salt. Why would they say anything different than life is great and we are busy. To do otherwise gives a buyer leverage on price negotiations.