Tall and bearded, Steven Morgan retains the bearing of a former U.S. Navy rear admiral, along with the conviction of who is in charge. As the new head of the $11-billion capital program of U.K. airport owner BAA plc, he sees himself not as a construction team member but as the boss of his suppliers. Photo: BAA PLC. Morgan takes charge of $11-billion U.K. airport capital program. Photo: BAA PLC. BAA is changing its contracting strategy for new 11,300-sq-m Terminal 2. Photo: BAA PLC. Heathrow’s Terminal 2 is expected to cost $1.6 billion under a design-build contract. Related Links: All
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.