Just a week after the chairman of the New York Metropolitan Transportation Authority warned of a possible budget crisis—one that would be the worst in 30 years—one of his former chief engineers told another industry audience of the subway and bus systems’ urgent needs. Cosema Crawford, who left her post as chief engineer of the New York City Transit Authority last fall to join Louis Berger Group as senior vice president, noted that the 106-year-old subway system still has a signal system that is more than 50 years old. “It needs $20 million a year over 15 years just to
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.