As potential donors gather at the United Nations to assemble a fund to help rebuild earthquake-battered Haiti, the White House is asking Congress for additional spending to contribute to the reconstruction effort. Haiti is hoping to raise $3.9 billion at the March 31 donors’ meeting to cover the initial 18-month phase of what is certain to be a lengthy reconstruction. The estimated total rebuilding cost is $11.5 billion, the U.N. says. More than 220,000 were killed in the Jan. 12, magnitude-7 quake, and an estimated 2 million people are living in temporary shelter in Port-au-Prince or have moved away from
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.