Question

Public construction projects are becoming increasingly expensive and complex. Research public financing of projects, including alternative methods. What do you view as the best way to finance public work projects? Why?

Answer 1

1)PUBLIC CONSTRUCTION PROJECTS ARE BECOMING INCREASINGLY EXPENSIVE AND COMPLEX.RESEARCH PUBLIC FINANCING OF PROJECTS,INCLUDING ALTERNATIVE METHODS.WHAT DO YOU VIEW AS THE BEST WAY TO FINANCE PUBLIC PROJECTS?WHY?

A)Usually,governments and other public administrations entrust contractors with the execution of these projects most often the lowest bidder is chosen after his competency and liability are assessed.The contractor would finance himself in the same manner as do the producers of consumer goods.As for the new credits to finance these public works,the public administration that initiated the project would secure interest free credits to pay the contractor when the project was competed.After a public work is delivered the population which is the consumer in this case,would begin to pay for its consumption and its wear and tear.For instance let us consider the building of a bridge.The decision to build was made because it answers a real need and because there is no reason to fear that activities directed towards this construction would prevent stores from being supplied with consumer goods,In social credit system the financing the bridge is not a concern,The government will never the less as the tenders to be submitted.selection of the lowest bid would mean that fewer materials and less energy and time would be used to ensure small portion of the country s real wealth would be dedicated to the project.so in a nut shell i want to conclude that public work projects will boom big when it was done as per schedule and with out any hiccups.But the projects have been named before and the major cash or the budget allocated has been eaten by the people.so how can we get quality through this so public domains can be better some how in all the means.