The PBSJ Corp., the Tampa architect-engineer, confirms an internal probe into whether its subsidiary PBS&J International Inc. violated U.S. law in pursuing projects overseas. The parent firm, which ranks No. 30 on ENR’s list of the Top 500 Design Firms with $594.3 million in 2008 revenue, disclosed the investigation in a Dec. 30, 2009, filing to the federal Securities and Exchange Commission. It said it could not file on time its required year-end annual report for 2009 because its board was seeking “to determine whether any laws have been violated, including the Foreign Corrupt Practices Act, in connection with certain
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.