Roof construction on the $720-million London 2012 Olympic Stadium began in late January when the first section went up. The U.K.’s Olympic Delivery Authority claims to be on track, but the global banking crisis is spoiling its party. The organization can’t secure as much private funding toward the $13.3-billion construction budget as forecast. Photo: ODA Game venues are on schedule but private money is tight for residential village. Game venues in the London Olympic Park are on schedule, says ODA. But funding negotiations with Australia’s Lend Lease Corp. for the public-private Olympic Village "are continuing," says David Higgins, ODA’s chief
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.