Related Links: First Report of the Jefferson County Sewer System Receiver Officials of Jefferson County, Ala., and the state are negotiating with creditors for another week while they try to avoid a $4.1-billion bankruptcy filing. All it took to reach this point is bad spending on a sewer system overhaul, bad financing and changing of the county's debt structure. If county officials decide to seek protection from creditors, it may become the biggest municipal bankruptcy ever. Jefferson County includes Birmingham, Alabama's biggest city.The Jefferson County Commission and creditors agreed July 28 to postpone until Aug. 4 a decision on filing after creditors
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.