Wolves said the first phase, involving Buckingham Group as main contractors, will be funded from existing cash flow.

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The main contractors on the project will be announced in January 2012 and the library is expected to be completed by August 2013.

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Adversarial relationships between customers, main contractors and sub-contractors mean that design changes often cause rows and that problems are not tackled until they reach crisis proportions.

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The main problem is that states are being conscripted as federal contractors.

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In another scheme to resurface the main route for vehicles in the square, sub-contractors are having to relay the road surface after problems were identified.

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As the smaller and weaker banks cut off their loans to big contractors, those builders are seeking additional help from their main banks.

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As Main Street struggles to rebuild after Hurricane Sandy, with homeowners and contractors rushing off to buy lumber, studs and paint, shares of Home Depot have seen only a modest gain.

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In turn, this is forcing the main banks, each of which acts as lead lender to half a dozen or so contractors, to become choosier about which to lend to.

ECONOMIST: Japanese property

The company established its local office on the main street, hired five locals as full-time employees, and took on another 38 people as contractors.

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