CityCenter, the country’s largest private development, is being sued by Perini Building Co., a unit of Tutor Perini Corp., Sylmar, Calif., over work disputes on the $8.5-billion, 18 million-sq-ft Las Vegas Strip complex of hotels, homes and entertainment. On March 25, Perini filed a lawsuit in Clark County Eighth Judicial District Court against several entities controlled by property owners—MGM Mirage Inc. and Infinity World Development Corp., both units of Dubai World, the investment arm of the Persian Gulf state—seeking $490 million for unpaid construction work on the hotel-casino. The 13-page complaint says the construction contract grew from $3.5 billion to
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.