Photo Courtesy of Caldecott/ Tutor Perini Tutor Perini bores a $214.8-million two-lane Caldecott tunnel. The weak economy has squeezed transportation budgets to the limit. Still, firms that work in the transportation market are finding ways to push forward, diversifying their businesses by sector and region and looking to alternative delivery methods, such as public-private partnerships.Richard Cavallaro, president of Skanska USA Civil, Whitestone, N.Y., says it is hard to plan ahead not knowing when a federal transportation bill will be enacted and with states being financially strapped. While the American Recovery and Reinvestment Act has helped sustain active projects, he says
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.