Guaranteed difficulties for contract ops
- From: Vol 5, Issue 3 (March 2004)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: CH2M Hill, Earth Tech, Hawkins Delafield and Wood, RWE/Thames (Water), Suez, US Filter and Veolia
Cities are looking for bigger surety payments as a result of high-profile disputes. Larry Chertoff investigates.
Public-private partnerships look set for another difficult year in the US water sector as municipalities impose increasingly onerous guarantees on private sector operators. The trend was highlighted last month when the city of Lynn in Massachusetts fired US Filter from a storm water contract after it refused to renew a million performance bond. Last year, Earth Tech withdrew from its ...
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