Photo courtesy Bintan Resorts Work is now under way on Lagoi Bay, a resort encompassing over 1300 ha on Bintan Island. Photo courtesy Bintan Resorts The project faces a number of engineering challenges because it is being built on swamp land. Work is now under way on Lagoi Bay, a resort community encompassing over 1300 hectares on Bintan Island, one of Indonesia’s largest islands. Valued at approximately $812 million, the project is slated to be completed by 2014.Once a coconut plantation, the coastal development is less than an hour away by ferry from Singapore. The owners, Bintan Resorts, hope to
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.