Related Links: Trainor Glass Default Raises Questions About Subs' Vulnerability The fallout continues from the failure of Trainor Glass, which filed for protection from its creditors in March and has affected operations of several firms. The newest development concerns a hospital in Peridot, Ariz.Recently, General Contractor McCarthy Building Cos. and Trainor’s surety, Westchester Fire Insurance Co., filed a joint motion requesting a federal bankruptcy court judge in Chicago to lift an automatic stay on the bankruptcy filing. The court granted the order on July 20, allowing the surety to complete Trainor’s glass and glazing contract on the 184,000 square foot
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.