The New Zealand earthquake surprised engineers by triggering severe damage or collapse of some recently constructed buildings. Photo: AP Photo/Kyodo News, Shuzo Shikano Rescue workers search for victims buried under the rubble near the Canterbury Television building in Christchurch, New Zealand, Wednesday night, Feb. 23, 2011. The magnitude 6.3 earthquake that struck 10 km from Christchurch, South Island, New Zealand on Feb. 22 brought down or severely damaged some contemporary structures because the quake was extremely shallow—centered only 5 km below the surface. “New Zealand has very good loading standards and a strict regulatory environment and since the mid-70s onwards,
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.