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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American Statesman. (1961). “Capitol dedication a giant day,” Aug. 27.
2.
Brown, F. (1882). “Cost of labor and materials.” Austin Daily Statesman, Jan. 31.
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Brown, F. (1884). “The capitol lands.” Austin daily Statesman, Apr. 8.
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Brown, F. (1885). “Texas capitol declared a scab job.” Austin Daily Statesman, Dec. 10.
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Capitol Building Commission, State of Texas. (1886). Third Biennial Report, Triplett and Hutchings State Printers, Austin, Tex., Nov. 1.
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Eubanks, B. (1963). “XIT crosses divide into history.” Christian Science Monitor, Mar. 12.
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Gard, W. (1963). “Famous spread a memory now.” Dallas Morning News, Mar. 6.
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Lubbock, F. W. (1969). Six decades in Texas; memoirs of Francis R. Lubbock, confederate governor of Texas. C. W. Raines, Ed. Reprint of 1900 edition. Pemberton Press, Austin, Tex.
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Texas Legislature. (1879). Chapter XII. General Laws, Sixteenth Legislature, approved Feb. 20.
Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 113 • Issue 1 • March 1987
Pages: 117 - 124
Copyright
Copyright © 1987 ASCE.
History
Published online: Mar 1, 1987
Published in print: Mar 1987
Authors
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