New designs, unveiled April on 27 for three bridges, shaves $45 million off Fort Worth’s Trinity River Vision project costs. The $909-million urban waterfront plan aims to connect 88 miles of the river and its surrounding communities. The original total cost for the three bridges was about $155 million. Projected cost using the original design, by Bing Thom, Vancouver, was $114 million, not including another $41 million for costs including land acquisitions. The city of Fort Worth worked with a new design team to present a citizen advisory group with cheaper options. Lead designer Miguel Rosales, president of Rosales +
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.