Hyper-competitiveness in the industry seems to be abating somewhat as world economies recover. However, wary customers and unclear government policies still restrain contract awards, public engineering and construction-firm executives told investors on June 3 at a conference sponsored by New York City-based investment firm Credit Suisse.
MasTec CEO Jose Mas sees economic recovery generating work in its wireless business and in renewable-energy construction. “We have as much visibility in this business as we’ve ever had,” he says, adding that up to 40% of projects already bid could start work this year.