A contractor last month completed relocation of a 1,800-ft-long flood-prone stretch of state Route 12 on Hatteras Island, N.C., but a longer-term plan to elevate other parts of the highway faces potential delays. RPC Contracting Inc., Kitty Hawk, N.C., began work in late November on a $439,600 lump-sum contract to shift the 1,800-ft stretch of roadway 23 ft to the west, placing it at the edge of the North Carolina Dept. of Transportation’s right-of-way through the Pea Island National Wildlife Refuge. Construction was completed by Dec. 11, after which the contractor would have faced liquidated damages of $5,000 per day.
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.