British steel-bridge manufacturer Mabey & Johnson Ltd. pleaded guilty on July 10 to corrupt practices in Jamaica and Ghana between 1993 and 2001 and violating United Nations’ sanctions against trade with Iraq in 2001 and 2002. The company is the first to be prosecuted in the U.K. for corruption overseas and faces court sentencing later this summer, says the Serious Fraud Office, the independent government agency that investigated and prosecuted the case. Mabey & Johnson, based in Reading, England, supplies small to medium size prefabricated modular bridges. The firm volunteered evidence of corruption to authorities last year following its own
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.