How bad is the flooding, Joe? That's what I wanted to know during a cell-phone call in the days after Sandy hit. I was talking with a long-term tenant of mine, a retired fire chief, about the condition of the small apartment building I own in Ventnor, a hard-hit New Jersey shore town."Two feet," Joe answered. The building sits on high ground, but when the electricity died, so did the building's sump pump. Two feet of water is one foot beyond the threshold to flood our elevated boiler system, which likely would deprive my tenants of heat and hot water—that
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.