After more than two years in the doldrums, design firms are starting to hear the rumblings of a recovery, but it could be many months before talk turns into action. With private developers still severely hampered by the credit crunch and many public entities facing budget shortfalls, the funding stream for projects remains a trickle. Photo: HDR While there are fewer hospital megaprojects being built, some continue, such as this $1.27-billion replacement hospital for the Parkland Health & Hospital System in Dallas. Related Links: View More on Top 500 Sourcebook 2010 View Complete Top 500 Sourcebook 2010 with Data and
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.