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Real Estate/Development

May 2, 2000

FOCUS ON GOVERNMENT

By Schone Malliet How many times have you seen it? The headlines report that a big, publicly funded construction program is jeopardized by financing problems. The copy that follows inevitably speaks of estimating errors, unforeseen expenses, inadequate reporting and, of course, scheduling setbacks. Sometimes the program managers get the project back on track. Sometimes they don't.

By Schone Malliet

How many times have you seen it? The headlines report that a big, publicly funded construction program is jeopardized by financing problems. The copy that follows inevitably speaks of estimating errors, unforeseen expenses, inadequate reporting and, of course, scheduling setbacks. Sometimes the program managers get the project back on track. Sometimes they don't.
Real-world examples of this type of debacle crop up every day. Because so many larg...

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