Bank Loses Confidence with Project 95% Complete
Keywords: equipment & materials, labor, ENR, construction industry, engineering news-record, markets, finance, management
Full Article Price:
$4.95
Delivery: Immediate Online Access
Publication Date: 23-JUN-03
Format: XML document
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Article Description| It is a sign of how little confidence some lenders have in smaller contractors. A bank recently forced a medium-sized general contractor to terminate its work on a new building at Western Kentucky University’s Bowling Green campus even though the project was 95% complete and proceeding on schedule. Planter’s Bank of Hopkinsville, Ky., used a $419,000 deposit by Star Construction to pay ... |
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