a process view
With the current economic slowdown in the United States (U.S.) construction industry, more U.S. construction industry firms are looking for opportunities in other countries. This article examines the possibilities that exist in the Pacific-Rim countries. In doing so, it begins by discussing the impact that U.S. President Ronald Reagan's supply-side economics has had on the U.S. construction industry in relation to both domestic and foreign construction work. It explains the mission of the American Foreign Project Agency (AFPA) and its possible role as the prime contractor who subcontracts U.S. firms to work abroad. It also discuss an approach for organizing financial bid packages for Asian projects, listing nine areas that firms should address in the bid package; it describes the technological considerations--including such benefits as the region's large and inexpensive labor force--involved in working on Asian projects.