By this time next year, CBY Design Builders anticipates employing an estimated 350 workers on the $675- million, 44-month contract to construct permanent canal closures and pump stations at New Orleans' three outfall canals for the U.S. Army Corps of Engineers. The USACE Hurricane Protection Office in New Orleans announced the award of the design-build, firm-fixed-price contract on April 13. CBY—a joint venture of CDM, Cambridge, Mass., Brasfield & Gorrie, Birmingham, Ala., and Yates Construction, Philadelphia, Miss.—beat out six other contracting teams to win. The competition included various pairings of well-known engineering companies: Weston, Archer Western, Kiewit, Arcadis, HNTB, Bechtel,
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.