Kiewit earned a $300,000 bonus on the quick completion Sunday of the I-405 freeway partial bridge demolition in Los Angeles. The contractor had faced penalties of $72,000 an hour for any delays past the agreed shutdown time. Related Links: The Sepulveda Pass Widening Environmental Impact Statement Precast Overview, Contract Amount for Overall Project But thanks to a massive media attention and some lucky construction breaks, the work was completed 17 hours ahead of schedule and “carmeggedon” was avoided.“We were before the world, streaming live and we needed to perform,” says Dan Kulka, communications manager for Kiewit Infrastructure West, the project’s
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.