Photo by C.J. Schexnayder for ENR Contractors and owner in $5.2-billion Panama Canal locks expansion are in dispute over how to resolve cost overruns. Related Links: Panama Canal Construction Teams Negotiate Cost Overrun Dispute Archive of Statements Issued by Two Sides Since Dispute Began Less than a day after both sides pledged to work together to resolve a disagreement threatening to stop work on the $5.2-billion Panama Canal Third Lane Expansion, project owner the Panama Canal Authority and Grupo Unidos por El Canal, its joint-venture contractor, once again hardened their stances on the cost overrun dispute.In a Jan. 8 statement,
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.