Three of four contractor teams prequalified to bid the second major leg of an $8.7-billion transit tunnel under the Hudson River between New Jersey and Manhattan submitted bids that were opened by the owner, New Jersey Transit, on Dec. 15. The project, to dig 5,200-ft-long twin bored tunnels through New Jersey's Palisades rock formation to a river access point in Hoboken, N.J., had been estimated to cost $250 million. A Secaucus, N.J., joint venture of Schiavone Construction Co., Skanska Civil and J.F. Shea was the low bidder at $258.8 million; a joint venture of OHL USA Inc., Davie, Fla., and
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.