Photo courtesy of Skanska The MEP manager on a Skanska site in Boston dropped plans for conventional lights and went to LEDs. He sees big benefits and no downsides. New product development takes money, ingenuity and patience. When the product is built around a new technology—such as light-emitting diodes—money, ingenuity and patience are needed in spades."We have learned people really need to play with it and test if for awhile before they believe you," says Daniel Lax, the 31-year-old vice president of business development for a division of his family's plastic injection molding company. In 2008, he branched out from
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.