Printer Friendly

Chinese businessmen learn American construction ways.

Leading Chinese businessmen from the City of Shenzhen were given an insiders view of the American construction and real estate industries at a breakfast seminar and several tours that were part of the group's three-week tour of the United States.

The group, 28 members of the Shenzhen Enterprises Association for International Cooperation, are visiting the U.S. to promote business and government exchanges between the U.S. and Shenzhen, a city of 2.4 million people about one hour north of Hong Kong. Shenzhen has been designated a special economic zone by the Chinese government.

Dao Ming Zhoa, director of the Shenzhen Petrochemical Co. Ltd., is the delegation's leader.

Hosting the seminar and a luncheon was the Macklowe Organization and Kent Swig, executive vice president.

"Contract Methods for Private and Public Development" was the topic of the breakfast seminar presented by Robert Peckar, senior partner in Peckar & Abramson, leading construction attorneys.

Peckar, general counsel to the New York Building Congress, described the different contract arrangements for construction in the United States.

For example, for public buildings he described the traditional method used by the federal government of having a general contractor responsible for the subcontractors, and the "Multiple Prime Contractor Method" favored by many states and municipalities that has the public owner hire the general contractor and subcontractors separately.

The seminar was followed by a walking tour of the Times Square Business Improvement Development site conducted by Michael Dirzulaitis, senior vice president of finance and real estate of the Urban Development Corp.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:participate in three-week tour of U.S. while observing American construction and real estate industries
Publication:Real Estate Weekly
Date:Dec 30, 1992
Words:252
Previous Article:ABLI hails state efforts to keep key tenant in place.
Next Article:Mall developers secure $160M.
Topics:


Related Articles
Foreign lenders active, but strict.
U.S. firms heading for Eastern Europe.
Report: bottom may be here for some markets.
Market welcomes new international investors.
Studley optimistic in NACORE symposium address.
Real estate industry bullish on Mayor Mike.
China: next big thing.
USI's New York Corporate Real Estate Roundtable.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters