Even though corrosion causes substantial damage to U.S. infrastructure every year, “corrosion is not well understood,” says Ted Greene, professor of mechanical engineering at the Wentworth Institute of Technology, Boston. Related Links: MassDOT Study Blames Salt For Big Dig's Fallen Light Fixture Receiving support from NACE International—originally known as the National Association of Corrosion Engineers—a Federal Highway Administration study on the direct costs associated with metallic corrosion in nearly every U.S. industry sector suggested the total annual estimated direct cost in the U.S. is $276 billion, about 3.1% of the nation's GDP. When indirect costs are included, that total is
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.