18 Jan · Wed 2012
Chinese Hotel Goes Up 30 Stories In 15 Days
Will Technology Spell the End of Lopsided Subcontracts?
The press release that yet another large contractor has signed onto a web-based procurement portal raises the question – is this technology going to benefit subcontractors in ways they did not imagine? Think about it – no contractor controls enough of the market to unilaterally compel compliance with its demands. Use of technology will bring a need for uniformity in contract terms. And a subcontract that places too much risk on the sub may hinder or even halt the gains sought to be achieved with the technology. Work with me on this one.[Read More]