Australia is quickly becoming the destination of choice among large U.S. contractors. It has yielded some of the world’s largest projects, centered on the country’s natural resources. Photo: Coutesy Of Bechtel Related Links: The Top 400 Contractors: At a Glance For example, Bechtel is working on four liquefied natural-gas projects there, including Queens-land Curtis, Gladstone LNG and Australia Pacific, all located on Curtis Island off Australia’s east coast. The firm is also working on Chevron’s Wheatstone LNG project in northeast Australia. “All these are multibillion-dollar projects,” says Bill Dudley, Bechtel’s president. Fluor is working on the Gladstone project and, in
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.