The good news for Chileans is that less than 1% of the 10,000 buildings three stories or taller, constructed since Chile’s 1985 earthquake, will have to be demolished as a consequence of the magnitude-8.8 Maule earthquake that struck on Feb. 27. The bad news is that the type of structural damage observed in many of the bearing-wall concrete frames of 12- to 26-story buildings is calling into question the effectiveness of Chile’s building code, which does not require confinement reinforcing steel for concrete members. A code change in the future is likely, say engineers who inspected the damaged areas. Of
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.