ThisChapter will deal primarily with the financing of contractors to support their own activities during major construction projects. These include the large, frequently long-term, usually multimillion dollar projects, such as dams, superhighways, bridges, and many other works for public bodies, as well as factories, power plants, and large commercial and sometimes residential structures for private ownership. Such projects are ultimately paid for with public funds, or by private ownership, funded by mortgages, debentures, or other long-term or “permanent” debt or equity instruments. It is not our intention to review such permanent financing, but rather the financing required by the contractor in his work as mentioned above, and also the substantial area of “interim” financing for project owners as contrasted with contractors that bridge the time gap between the beginning of construction and conclusion of the “permanent” financing.
KeywordsSteam Income Assure Expense Excavation
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