A $575-million management contract on London’s $22-billion Crossrail project has gone to a team of San Francisco-based Bechtel Ltd., London, Halcrow Group, London, and Paris-based SYSTRA. The team will oversee design and construction of the system’s tunnels under the city for owner Crossrail Ltd., including a 21-km-long twin-bore tunnel under the center of London and six new stations. The award follows last month’s $146-million program management contract win by a team of AECOM, Los Angeles, CH2M Hill Cos., Englewood, Colo., and the U.K.’s Nichols Group.
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.