Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 2 months ago

how are new construction projects funded?

is it upfront, is it a loan? auction?

7 Answers

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  • 2 months ago

    New construction of what?

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  • Dan B
    Lv 7
    2 months ago

    Most projects are funded up front (private and government) but payments are made as the project is being built (called progress payments as each goal is completed).

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  • Barry
    Lv 4
    2 months ago

    Commercial loan.

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  • 2 months ago

    Construction companies submit "tenders". The state awards the job to the company that submitted the lowest tender. That company then does a cr4p job because the tender was so low they couldn't do a proper job. The state then spends three times as much over the next few years repairing the bad job.

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  • 2 months ago

    Based on requirement every year the government ha to exchange for stability of economy+money+finances-dept of labor . .. there are many things that has to be don to keep money running. Normally.banks has to be stepped in. It is better. Other ways are bounced for man people.

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  • Anonymous
    2 months ago

    An auction has nothing to do with it.

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  • 2 months ago

    Ask a construction professional, not the losers on Yahoo Answers!

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