After reviewing the performance of a BP-funded $360-million sand-berm project designed to keep oil from BP’s April 20, 2010, spill out of Louisiana marshes, Gov. Bobby Jindal (R) has reallocated $100 million of the remaining $140 million to barrier-island restoration. With BP’s approval, the money now will be used to convert more than 10 miles of temporary berms into enduring restoration works for the islands. The other $40 million in BP funding will be used for renourishment, stabilization, environmental support and other compliance costs associated with the work, according to a Nov. 1 statement from the governor’s office. Nearly 17
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.