Colombian crews have closed two-thirds of a large levee-canal breach that opened on Nov. 30 and spilled millions of gallons of Magdalena River water across vast sections of the country’s coastal plain. The disastrous flooding, worsened by persistent rainfall, has killed several hundred people, left millions homeless and resulted in billions of dollars in property damage to the South American nation. Photo: Vali Cooper International, LLC/BAR The site of Colombian towns flooded to the rafters recalls visions of Hurricane Katrina and New Orleans in 2005 and, at least in the case of the Dique Canal breach, the silent risk levees
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.