Construction Expert On Stimulus Funds Part 8

In Five Points the Government MUST Consider Before Doling Out Billions to the Construction Industry construction expert Barry LePatner has this to say:

"The government is about to embark on what is essentially bailout #3," says LePatner. "Obviously, the last two were less than successful. They'd better get this one right, or public trust will be irrevocably damaged. This stimulus plan should be handled with a lot of transparency and follow through—two characteristics the construction industry, the most inefficient industry in our nation, isn't known for.

"When you consider the huge number of projects that must be completed in order to restore America's infrastructure, it is clear that measures must be taken to ensure that money allocated for infrastructure projects is used wisely and for the betterment of the nation," he adds. "Our government must ensure that infrastructure project contracts are all undertaken with true fixed-price contracts that pass the risk for poor performance onto the contractors who fail to complete them on time and on budget. Our leaders' credibility, not to mention our nation's future safety and viability, depends on it."