The Dotted Line: Lessons From the Maryland Purple Line’s Amended Contract
Mike Subak, a partner and leader of Troutman Pepper's Construction Practice Group, is quoted in the Construction Dive article, " The Dotted Line: Lessons From the Maryland Purple Line’s Amended Contract."
"There have been some fairly public departures of the larger contractors who have said projects of this magnitude are not consistent with their risk appetite," said Michael Subak, a partner in the Philadelphia office of Troutman Pepper. "It's no surprise that some are dropping out."
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"To the extent there's a lesson learned from this, the pendulum will swing as it relates to the risk profile that contractors are willing to take," said Subak. "I think that'll be factored into the way in which the projects are structured."