In the aftermath of Tuesday's 5.8-magnitude earthquake in Virginia, building owners in the Washington, D.C., region are accessing potential damage to buildings. Other industry voices are questioning whether the temblor, the largest Virginia has experienced on record, will lead to new discussions of Seismic codes for the East Coast.Several major facilities are closed while teams of engineers inspect structures. Most notably, the National Parks Service closed the Washington Monument indefinitely after teams discovered cracks near the top of the 555-ft-tall obelisk, considered the world's tallest of its kind. Other closed facilities include the National Building Museum, the Dept. of Homeland
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.