Bearing the brunt

Finance

When Standard & Poor’s (S&P) rates a preconstruction infrastructure project, a key consideration is how the sponsors have shifted construction risk from the lenders to the contractor. Also important is whether the contractor can manage the risk – if it cannot, then the risk will probably remain with the lenders.

Construction contracts that provide sufficient penalty and damage payments to ensure the project’s acceptance within the established schedule and budget are characteristic of investment-

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: