In the midyear update to the 2011 McGraw-Hill Construction Outlook, one of the few sectors holding onto any gain is the electric utility market, and two power producers who spoke in Atlanta last week reinforced that forecast in a discussion of major works under way. TVA Speaking at the ENR-CURT Construction Business Forum on June 14, Robert Murray, chief economist for MHC, said there is a “huge amount of electric powerplant construction taking place,” supporting his continued forecast for overall growth of 3% in the electric utility market this year. But for all markets, Murray is revising his forecast to
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.