An infrastructure construction software vendor, who specializes in design and analysis applications, is working to have it both ways. As a privately held company, Bentley Systems Inc., Exton, Pa., is not required to file statements with securities regulators, as publicly traded companies must do. But not filing means Bentley misses the PR bang that comes when annual statements are released by its publicly traded competition. So on March 2, Bentley held its first “annual report” conference call with analysts and investors, as well as trade journalists, to proclaim successes, announce new business moves and reiterate some announcements of the preceding
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.