Hours after Chile was hammered on Feb. 27 by one of the most powerful earthquakes in its history, President Michelle Bachelet made it clear the country already is preparing for recovery. Photo: AFP/Getty Images The naval port city of Talcahuano, about 20 km from Concepción, was devastated by a tsunami about an hour after the quake, catching unwarned residents by surprise. No tsunami warnings were issued for Chile’s coastal towns. Related Links: Chile’s Quake Damage Mitigated by Past Lessons “We are facing a catastrophe of unforeseen magnitude which caused damage that will require enormous efforts of all sectors of 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.