Even as the U.S. Navy awarded seven U.S. and Guam-based joint-venture teams on May 10 a $4-billion indefinite-delivery, indefinite-quantity contract for design-build work on the Pacific island and nearby sites over five years, it also started to compete the first major task order under the contract. Photo: U.S. Navy, by Christopher S. Borgren II Looming troop transfer will unleash huge Guam building boom. Construction will support relocation of thousands of U.S. Marines to Guam from their current base on the Japanese island of Okinawa. The contract is the largest ever by the Naval Facilities Engineering Command’s Honolulu division. Under the
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.