It’s not just bankers’ ballooning bonuses that can forewarn of an impending financial disaster. It now appears that periodic global cravings for ever-taller buildings might also be harbingers of economic doom. If new research from Hong Kong is to be believed, China’s frenetic high-rise boom, with India in its wake, could reflect a “misallocation of capital, which may result in an economic correction for two of Asia’s largest economies in the next five years.”Since launching its Skyscraper Index 13 years ago, Barclays Capital (BarCap) has revealed “an unhealthy correlation between construction of the next world’s tallest building and an impending
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.