Office of Councillor Steve Desroches The Strandherd-Armstrong Bridge in Ottawa is designed with three arched trusses. Related Links: Receivership Legal Documents on the Grant Thornton website Project photo on website of Councillor Steve Desroches, Gloucester-South Nepean When a Canadian bank pushed Concreate USL Ltd. into receivership March 16, dozens of projects in eastern Canada and the U.S. stopped dead or slowed down, leaving cities and subcontractors in limbo.The biggest is the Strandherd-Armstrong Bridge in Ottawa, for which Concreate USL Ltd., is the prime contractor. The receivership also applied to a related company, Triwest Construction, whose parent, Triwest Capital Partners, had
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.