U.K.-based bridge steel bridge manufacturer Mabey & Johnson Ltd., Reading, pleaded guilty on July 10 to corrupt practices in Jamaica and Ghana between 1993 and 2001, and also of breaking United Nations’ sanctions over trading with Iraq in 2001-2002. The company is the first to be prosecuted in the U.K. for corruption overseas, according to Serious Fraud Office, the prosecutor. Mabey & Johnson, which supplies small to medium size prefabricated modular bridges, was committed to sentencing by the Crown Court later this summer. The firm volunteered evidence of corruption to the authorities last year following its own internal investigation in
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.