Rear Adm. Greg Shear, retiring chief of the Naval Facilities Engineering Command, likely had a few sleepless nights in 2006 when he first took over the U.S. Navy’s construction and facilities management arm, worrying about how it would handle a then-record $9-billion building mission. But at least that would be the peak, he told Navy brass. Three years later, the NAVFAC program has grown nearly 80% to $16 billion and is reaching around the world. “So, I’m not a good prognosticator,” he says. Changing military missions, new political priorities, global disasters and other contingencies have combined to test NAVFAC’s ability
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.