The team of European engineering firms which last month won a $200-million design contract for a nuclear-power research complex to be built in southern France, with a cadre of global sponsors, already is starting work, officials say. The engineering award for the $13- billion International Thermonuclear Experimental Reactor (ITER) is the project’s largest contract awarded to date and one of the largest design awards of any kind in Europe. Photo: ITER A-TeamCardache complex in France will be built by a Franco-British-Spanish team. Photo: ITER Power ParkThe 42-hectare site has been prepared for foundation work to begin next spring. Photo: ITER
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.