No need to put the Statue of Liberty on a pedestal—it has been on one for 125 years. But there is a need to upgrade both the pedestal and the statue itself so that they are compliant with current life-safety codes, says the owner, the U.S. Dept. of the Interior's National Park Service. And when it comes to the Statue of Liberty, even something as mundane sounding as a life-safety upgrade is anything but ordinary. During the $27.3-million renovation, the mandate from the park service is to protect the historic fabric of the monument, which is located on Liberty Island
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.