Delays in developing large power projects in Florida are bad news for contractors in a state already hurt by sharp construction downturns, says the Greater Florida Chapter of Associated General Contractors president. Photo: Florida Power and Light power plans FP&L says Riviera gas plant will proceed on schedule, but nuclear units face delays. Florida’s biggest utilities, Juno Beach-based Florida Power & Light (FP&L) and Progress Energy Florida, “stopped work on everything but the essentials” after the state Public Service Commission (PSC) in January rejected most of the big rate increases the utilities had sought, said Richard Marshall, who also is
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.