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MCAC ‘contractor challenge’ panel explores project payment, risk (New SPH)

The new St. Paul’s Hospital project in Vancouver’s False Creek Flats. (Photo credit: Journal of Commerce)
The new St. Paul’s Hospital project in Vancouver’s False Creek Flats. (Photo credit: Journal of Commerce)

A panel composed of Canadian contractors and a Nashville, Tenn. local took a look at the major issues facing their part of the industry at the “Contractor Challenge” session at the Mechanical Contractors of Canada’s annual conference held recently in Nashville, TN.

AON national director growth, insight and innovation Gerry Russ moderated the panel and said the biggest problem facing the sector is getting paid. He began his tenure with AON by creating a report titled “Global Construction Financial Stability– A Weakening Foundation?” which examined trends circa 2018.

“Vancouver will have a $2.5 billion hospital project (St. Paul’s Hospital replacement). How many mechanicals can do a $750 million project or a $250 million project?” he asked.

Click here to read the full article in the Journal of Commerce.

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