this post was submitted on 06 Jan 2024
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I work in construction insurance, protecting the government and investors against construction companies that do this. Our underwriters study the project, the construction company history and everything related and we qoute a price that the construction company should pay even before the government or the investors transfer anything. If the construction company or the project fail for any reason we take control over the project and find a new construction company to complete it. After that, our lawyers go after everything owned by the construction company and their executives to try to recoup anything we can.
fucking based.
I'm curious about your opinion on what the reason that construction takes longer and costs more in the US than in other countries is.
I wish our construction was like in Japan. Instead we have the worst, slowest companies in the Chicago area. How does it take months or even years to fix a road AND they start a new project a mile away on the same road at the same speed. Then somehow the road end up bumpy anyway cause they didn't fix around the manhole covers correctly.
I visit friends in Chicago every year. There's a place on the interstate that has been under construction for 5 years. It's just like one lane they've been paving. What the heck?
There are a few roads in the suburbs that will have something finish getting fixed only for the same exact road to be torn up again for something else cause they didn't coordinate. One time I saw a road get repaved cause it needed it, then half of it was torn back up to do some sort of maintenance, once that was fixed and repaved more of that area got torn up to change out some water stuff and drains, then a year later the whole road is torn up again to be repaved because now it's been 5-6 years and parts of it need it.
I have had my road replaced three times in 5 years because first they installed new gas lines, then they installed new water lines, and that damaged the gas lines so they needed to fix them in a bunch of places.
I don't live or work at the US, so I don't think my opinion is worth more than shit. But I would guess you are mixing private with public projects. Private projects usually go on schedule because they're not a lot of parties involved and everyone wants to finish the project asap to start a new a one. With public ones you have a lot of people involved because everyone and their granma think their opinion is valid and they are being affected. But this is the same on basically everywhere on the world, except maybe China.