If you’re blaming all the contractor and subcontractor defaults lately on the recession and how thin times lead to management mistakes, such as chasing unprofitable work, here’s yet another concern. Business in some sectors is picking up enough or may pick up soon and could create perils from recovery risk.Contractors face recovery risk on the back end of a recession when they take on too much work after they’ve depleted their staff and cash resources during hard times and don’t have enough resources to finish projects. It’s a little bit like a starving man suddenly finding too much food and
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.