Begin thinking about the financing and contracting of public projects in your ar

Question

Begin thinking about the financing and contracting of public projects in your area of the world, as you conduct research to prepare for this Discussion. Then, respond to the following prompts:

For public projects, which is the most common financing method currently in use in your geographic area? Why?

How have cultural norms, societal structures, and regional and economic considerations influenced the preferred contracting approach?

Does the contracting approach change based on the use of project delivery system? Why or why not?

Explanation / Answer

Answer:- For public project government can take finance from private company .Private company can be a partner in project. For public project money can be collected from bond financing.

Societal structures and regional and economic consideration effect contracting approach. The contractor who has good society behavior, regional near to project . And has good economic condition , will be prefer to give contract to him.

Yes, contracting approach change based on project delivery system. If a contractor has good project delivery system then he will be prefer to give contracts. Customer always need right time delivery system.

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