Five teams comprising major U.S. and overseas soft-ground tunneling expertise are seeking approval to bid the third and final contract, estimated at $500 million, of an $8.7-billion rail link under the Hudson River between New Jersey and Manhattan. The contract, to be awarded next fall, will involve building 14,600 ft of soft-ground tunnels 110 ft under the river. Requesting prequalification for the contract are a joint venture of J.F. Shea, Schiavone and Kenny Construction; a team of S.A. Healy, China Construction America and Halmar; a JV of Spain’s FCC Construction, Austria’s Beton and Monierbau and U.S.-based Ferreira Construction; a team
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.