Related Links: 2014 ENR Global Best Projects Winners Ralph L. Carr Judicial Center Selected Best Overall Project Private Funding Finds A Way Into Other Public Spaces The $490-million Governor George Deukmejian Courthouse project in Long Beach, Calif., employed fast-track design-build, led by an international group of investors and builders. The owner—the state of California's Judicial Council, Administrative Office of the Courts (AOC)—selected a finance team led by France's Meridiam Infrastructure, working with its local development company, Long Beach Judicial Partners. Capital was provided by a consortium of Canadian, European and Japanese banks.The new courthouse replaced a functionally deficient 35-year-old building
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.