Organizing and Managing a Finance-Design-Build Project in Turkey: Fourth Roebling Lecture, 1995

It has been estimated that an expenditure of $200 billion per year must be made on the world's infrastructure for the foreseeable future. This will lead to many opportunities for U.S. contractors to work internationally. Much of the work is located in emerging countries that do not have the money available to finance the projects that they need. The subject of this lecture is the Izmir-Aydin Project in Turkey, which began as a fixed-price, finance, design-build job. The project is very interesting, and shows the many problems that may be faced during the execution of an international contract, including lack of payment, ignoring contract provisions, changes in government, and politics in general.