Related Links: Trainor Glass Default Raises Questions About Sub Vulnerability (subscribers only) Judge Denies Tampa Bay Water a New Trial Against HDR Judge Acquits New York City Crane Owner After CEO Resigns, Millions of Dollars Still Missing (subscribers only) For many companies in the AEC sectors, business never seemed more fraught with risk and complication than in 2012. Lawsuits and indictments kept attorneys as busy as ever, especially as several legal matters reached the trial stage. Projects and risk management became more complex, while financial woes engulfed many recession-weakened small and midsize contractors. News of sputtering contractors rolled in at
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.