Related Links: Demolition Contractors Ask for a Larger Role in Disaster Planning Engineers Surprised by Damage to Modern Buildings in Christchurch Instability From Soil Liquefaction Remains A Danger, Says Engineer Economists predict it will take some $35 billion and 50 to 100 years for New Zealand to recover from the February 2011 Canterbury earthquake, which killed 185 people and devastated Christchurch, the nation's second-largest city. To date, the New Zealand government has committed more than $13 billion to rebuilding the greater Christchurch area. Many projects—both public and private—are under development, including a convention center, a $45.9-million Bus Interchange, the redevelopment
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.