Posts Tagged ‘legal’
At its core, supply chain management is the oversight of materials, information and finances and the coordination and integration of flow within and among companies. While a relatively new and still somewhat unsophisticated concept within the construction industry, the process was formalised in the 1980s and has been entrenched in the manufacturing sector for nearly three decades.
Perhaps the best way to illustrate the need for Construction Supply Chain Management (CSCM) is to first cite an example of an especially messy project aftermath. The result is an epic battle between MGM Properties and Dubai World, the owners of the new CityCenter in Las Vegas, NV; and Perini Building Company, the primary contractor on the job. In late March, the simmering dispute erupted into a full-blown legal confrontation with nearly a half-billion dollars up for grabs.