Surety is managing N.Y. arena project after fabricator's default

02/29/2012 | Engineering News-Record

A surety has stepped in after a subcontractor defaulted on an arena project in Brooklyn, N.Y. The subcontractor was tasked with constructing facade panels for the arena. The surety is accepting payments from the contractor and issuing payments to subcontractors and other parties. The contractor on the project "remains confident" that the project will be finished on schedule, a company official said.

View Full Article in:

Engineering News-Record

Published in Brief: