Companies came out in force March 24 to a U.S. Army Corps of Engineers briefing in New Orleans to pick up details—and size up the competition—on a planned $800-million, design-build contract for permanent closures and pumps at the city’s three outfall canals to better control potential hurricane flooding damage. + Image Image: U.S. Army Corps of Engineers The Corps is allowing flexibility for design-build contractors to propose their own pump configuration. About 100 people representing dozens of contracting firms attended the Corps briefing, but few questions were asked as the companies appeared to want to hold any competitive advantages close
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.