PHOTO COURTESY OF INFUSION HEALTH British Columbia is completing a major P3 project in the public health care sector. Related Links: P3 Special Report: U.S., Canada and U.K. Push Ways to Refine Projects Transport P3s Take Lessons Learned Into New Unknowns U.K. Takes Hard Look at Cost of Private Finance Initiative Alternative finance is gaining traction in North America on "social infrastructure" projects such as public health-care, education and justice facilities. Their key focus is maximizing long-term life-cycle value.The nearly complete $426-million expansion of two central British Columbia hospitals, the largest health-system investment in the Canadian province's interior, is the
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.