In the latest twist in a long controversy, an Indiana circuit court jury on April 15 cleared structural engineer Thornton-Tomasetti Inc., New York City, of fraud charges brought by the Indianapolis-Marion County Public Library, related to the troubled renovation and expansion of the city’s central library. Photo: Indianapolis-Marion County Public Library Library’s structural engineer was sued by project owner. The library project originally was budgeted at $103 million but was completed two years late, in December 2007, and as much as $50 million over budget. Other project contractors previously settled with the library for a total of $21.5 million, including
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.