Most of the U.S. construction industry may be on flat-line status, but the building pulse is still strong in Salt Lake City, Utah. More than $4 billion of large mixed-use, commercial, education and health-care projects are under construction in the metropolitian area, with others ready to start construction or go out for bid. Photo: Michael Moore / SME Steel Contractors Bidders fight for over $4 billion of nonresidential work. Related Links: Razor-Thin Margins As Contractors Fight For Stimulus Projects Costs Post Rare Quarterly Decline Firms Hold the Line on Raises, But Salaries Remain Competitive Slow Payment Is Sapping Contractors Strength
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.