Countertrade Financing: Historical Example
Publication: Journal of Construction Engineering and Management
Volume 113, Issue 1
Abstract
Construction financing is continually evolving, especially with regard to the role of the contractor. Of the various schemes surfacing, counter‐trade financing is perhaps the most difficult for modern contractors. This barter approach where coffee beans or oil may be used to purchase construction services is really not so new or so complex as many imagine. Construction of the Texas State Capitol Building (1882–1888) provides a fascinating example of rewards, problems, and lessons of this approach.
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References
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2.
Brown, F. (1882). “Cost of labor and materials.” Austin Daily Statesman, Jan. 31.
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Copyright © 1987 ASCE.
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Published online: Mar 1, 1987
Published in print: Mar 1987
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