New Jersey Gov. Christopher Christie (R) has thrown an ice-cold bucket of water on the heads of the sleeping Rip Van Winkles in New York and New Jersey. These folks trusted the planned commuter-rail Hudson River tunnel was somehow beyond the reach of the current backlash against government spending and deficits. However, that exemption has turned out not to be the case in the bitter election season just concluded. The project’s construction packages, several of which had been awarded, included an underground addition to Manhattan’s Pennsylvania Station and a bridge on the New Jersey side. We believe the project eventually
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.