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re: Zachry to file for Chapter 11 Bankruptcy. Putting Golden Pass LNG in Jeopardy.
Posted on 5/21/24 at 8:53 pm to High C
Posted on 5/21/24 at 8:53 pm to High C
I get that but these projects are multi year projects. We are a subcontractor and we do everything we can to insulate ourselves from this. But it’s hard to price the future in estimates on projects like this. We usually include 7% on material escalation. The alternative is going T&M. But most owners won’t accept it. They want the contractor to carry the risk. And this is what happens when that goes south.
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