TITLE

Contracts Should Not Be Like The Fear Factor

PUB. DATE
April 2005
SOURCE
ENR: Engineering News-Record;4/25/2005, Vol. 254 Issue 16, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
This article presents information about the construction industry in Kansas. The construction industry struggles from its own brand of fear factor. The industry has low bars to entry, suffers from overcapacity and offers extraordinary amounts of risk. In the quest for work, some contractors are willing to do anything to get a job. This underscores the importance of the Fairness in Private Construction Contract Act, signed into law by Kathleen Sebelius, governor of Kansas, on April 18, 2005. The new law sets forth specific prompt payment requirements and penalties for general contractors and subcontractors.
ACCESSION #
16888131

 

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