Quote:
Originally Posted by Summerville
This project has taken forever. Same could be said about any project that Banc has had. Compare that to Dexel where projects go up fast.
I've always wondered about the risk of taking your time with a project. I used to wonder about the added cost of the crane over a long period of time, but this fire raises other issues.
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It usually speaks to a failure of incentives. I've worked on projects where there are contractually agreed-upon schedule dates, where the general contractor can owe upwards of $10k a DAY to the developer if they turn the job over late.
These sorts of incentives to perform seem to be much better understood by American companies in large cities fwiw. Small timey developers like this are often not running as tight a ship and set the job up with a slow schedule from the outset. That being said, that can often have diminshing financial performance consequences given the carrying costs to pay for lane closures, equipment rental, security staff, etc.
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