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Thursday, November 18, 2010

CityCenter reaches payment agreements with 205 subcontractors - Las Vegas Sun

In other CityCenter news today, we have change orders galore. Does anyone really think it's ok to have $186 million in change orders? When you wonder why BIM is inevitable, imagine all of the paperwork involved in processing that much money in change orders. Imagine the number of people need to do the mountains of estimating and tracking all of this. Imagine how many pages the G702 must have been. Now imagine a better way of designing and building that doesn't involve drawing lines on a screen.

It's not the tool, it's the process. The system is broken. Ever thought of how we're going to fix it. Do you have the resources, the people, the plan of how to transition?

Source: http://www.lasvegassun.com/news/2010/nov/15/citycenter-reaches-payment-agreements-205-subcontr/

In a court filing Friday, attorneys for the $8.5 billion project managed by MGM Resorts International said CityCenter has now reached agreements with 205 of 221 subcontractors.

The agreements call for payments of about $186 million, resolving about $218 million in outstanding subcontractor claims.

Total payments to these 205 companies, including payments before litigation erupted over the project, will be $3.459 billion or 99.13 percent of what was billed for them by general contractor Perini Building Co.

The attorneys said CityCenter through Friday had cut final checks to 150 of the subcontractors totaling nearly $161 million.

Continue reading: CityCenter reaches payment agreements with 205 subcontractors - Las Vegas Sun


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