In September, the Ohio Dept. of Transportation will award an estimated $450-million design-build contract to construct the I-90 Innerbelt Bridge in Cleveland. Three design-build teams will be waiting anxiously for the results to come in. For one team, it will be a major coup. The two other teams can console themselves with a sizable stipend for all their work drafting plans. Or maybe not. The Innerbelt Bridge is one of the first major design-build projects undertaken by ODOT. The three short-listed teams are composed of high-profile firms. The Federal Highway Administration estimated the total design costs for the project would
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.