Assignment Task: The methods of project financing used today may differ from those used yesterday or tomorrow. That is because basic financing methods for public construction projects change based on cultural, societal, regional, and economic considerations. Likewise, contracting approaches may differ based on the same considerations, outlined in this week's Learning Resources.
Begin thinking about the financing and contracting of public projects in your area of the world, as you conduct research to prepare for this Discussion. Then, respond to the following prompts:
1. For public projects, which is the most common financing method currently in use in your geographic area? Why?
2. How have cultural norms, societal structures, and regional and economic considerations influenced the preferred contracting approach?
3. Does the contracting approach change based on the use of project delivery system? Why or why not?