The U.S. General Services Administration added an extra set of eyes and ears to a $435-million U.S. Coast Guard headquarters project in Washington, D.C., with a $16-million construction-management contract. It was awarded last month to a joint venture of Tishman Corp. and AECOM Technology Corp. for the project’s first phase. The entire six-year project, estimated at up to $4 billion, will consolidate the U.S. Dept. of Homeland Security, which includes the Coast Guard.Other structures are to include at least a cogeneration plant of at least 80 MW and infrastructure. In August, GSA signed a design-build contract for Phase One with
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.