Marking the New Madrid earthquake’s 200th anniversary, officials are planning two big preparedness exercises. On Sept. 30, James M. Wilkinson, executive director of the Central U.S. Earthquake Consortium, Memphis, told a Senate hearing his group will hold the Great Central U.S. ShakeOut on April 28. Then, in May, the Federal Emergency Management Agency will simulate and study a quake in the New Madrid zone.
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.