URS Corp., San Francisco, has settled a lawsuit by the Minnesota Dept. of Transportation on all claims by the state over the collapse of the I-35 bridge spanning the Mississippi River in Minneapolis on Aug. 1, 2007. The settlement was for a reported $5 million. URS was hired by the state to inspect and recommend action on state bridges, including the I-35 bridge. The company denies any wrongdoing or fault in the matter and says the settlement lets it “avoid the cost and time of further litigation with the State.” It points out that the National Transportation Safety Board concluded
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.