The $527-million new South Ferry subway station at Manhattan’s southern tip opened on March 16, with platforms now long enough to accommodate 10-car trains rather than five. The 4.5-year-long project included a $261-million design-build contract, held by a joint venture of Schiavone Construction Co., Secaucus, N.J., and Granite Halmar Construction Co. Inc., Tarrytown, N.Y., for the reinforced-concrete structural box, which accommodates a 1,200-ft-long approach tunnel and the 500-ft-long new station. Photo: MTA/Patrivck Cashin
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.