Construction Week: Developer Seeks Back Pay on Bahamas Resort; Builders' Software Use Survey
Developer Seeks Back Pay From China Construction America
Baha Mar Ltd., a developer building a $3.5-billion nearly complete Bahamas resort, will participate in talks in China over money owed to the project’s contractor as well as future financing from the China Ex-Im Bank.
The announcement came two weeks after the developer and its subsidiaries filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware, where the group blamed a subsidiary of China Construction America (CCA) for the construction delays. CCA Bahamas, which claims to be owed $72 million for unpaid work, says Baha Mar’s bankruptcy filing is “the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort project.”
The National Institute of Building Sciences’ Off-Site Construction Council wants help in assessing the role of software in delivering projects with modular, prefabricated and preassembled components. The group is conducting an online anonymous survey, asking about software application use. Respondents have until Aug. 7 to reply to the survey.
