The U.S. Navy has selected seven U.S. and Guam-based joint venture teams for an indefinite-delivery, indefinite-quantity contract worth $4 billion for design-build work mostly on Guam over the next five years. Construction will support relocation of thousands of U.S. Marines to the Pacific island from their current base on the Japanese island of Okinawa. The award is the largest ever by the Naval Facilities Engineering Command’s Honolulu-based division. Under the “multiple award construction contract,” the teams will compete with each other for task orders for new construction, renovation and upgrade work for Guam facilities. They range from barracks and medical
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.