A four-year legal spat over the Hoover Dam bypass project’s collapsed cableways has ended in a private settlement stemming from an April 20 arbitration ruling. A joint venture of Obayashi Corp., San Francisco, with PSM Construction USA Inc., Brisbane, Calif., will reimburse American Bridge Co., Coraopolis, Pa., an undisclosed amount for a cableway system that broke in 2006, causing a two-year delay. In 2005, the joint venture signed a two-year, $105,000-a-month lease with American Bridge Co. to use two pairs of refurbished, 330-ft-tall lattice-framed towers with 2,500 ft of 3-in-dia. cableway strung between them. The so-called high lines function like
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.