Discusses the construction phase of the school planning process. Presents an overview of the different contractual relationships between an owner and contractors. (Author/MLF)

Lists the advantages and disadvantages to school districts of having contractors take part in financing a school construction project when a school district has reached its full limit of borrowing capacity and necessary projected cash flow in order to complete the project. (MLF)

The school district of Greenville County, South Carolina, needed two new schools, yet had reached the legal limit of its borrowing capacity. By financing the project through the contractor, financing costs were offset by savings from building the schools a year earlier than would otherwise have been possible. (MLF)