How does everyone feel about the practice of developers setting up special purpose project corporations when they buy or develop a big building? It is to avoid liability, which has the effect of passing it onto everyone else, including engineers and contractors. I am about to sign a contract with a name brand NYC developer for the design of a feature element in a tall office building in LA, but nominally with the XYZ Holdings LP, the wholly owned subsidiary of the developer. Personally I think it's gross and dishonest.
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