The criminal prosecution of James F. Lomma, a prominent crane owner with offices in New York, New Jersey and Pennsylvania, swivels on the failure of a Chinese rotator gear, the hold-down welding of which catastrophically snapped in May 2008, sending steel debris raining onto the streets of Manhattan’s Upper East Side. The event killed two construction workers. In an earlier Lomma crane collapse in midtown Manhattan in March 2008, seven people died; a rigging company was indicted for manslaugheter in that case. The charges also fire a warning shot over the boardrooms of construction firms across America: Equipment owners may
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.