"From the Ground Up" piece on the economic ripple effect of hiring local constru

Scott Tompkins

Source

Mainebiz

Date

4-2-2007

Pages

13

Abstract

"From the Ground Up" piece on the economic ripple effect of hiring local construction firms, noting that every dollar spent locally is respent an average of seven times before it leaves the community. Unfortunately, some construction jobs are just too massive for local firms to perform, chiefly because the project's value exceeds the bonding capacity of most Maine contractors. The Maine Turnpike Authority made a conscious decision to divide the widening of the southernmost section of the pike into several contracts small enough for local contractors to compete for. Maine contractors should start a campaign to educate colleagues and consumers that purchasing locally makes good economic sense.

Subjects

Construction contracts, Construction, Maine Turnpike Authority

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