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154 sats \ 0 replies \ @BlokchainB OP 28 Oct \ parent \ on: Project abandonments drop amid contractor optimism Construction_and_Engineering
Good question. For the public sector banks are rarely used it’s mostly tax payer dollars that pay for such projects but in the private sector I assume it depends on how well capitalized the companies are plus construction firms operate on very thin margins so they probably need access to highly liquid capital to pay employees and pay for equipment then pay the bank back once they get their payment from the project owner. Why so many firms abandon projects because they aren’t liquid enough to keep paying their employees.