Related Links: Download ENR's Free Mobile News App Foundation Flaws Make Kentucky's Wolf Creek Dam a High-Risk Priority The field of ground engineering and construction often is characterized by unknown conditions, a high level of uncertainty and risk. In the difficult economic conditions we see around the globe today, it seems as if the entire construction industry is on shaky ground, too. As the CEO of Soilmec, a heavy equipment manufacturer in the ground engineering sector based in Italy, I would like to offer my insight into how the European economic crisis is affecting the worldwide construction industry.In Europe, stronger
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.