Tension over crane inspection and safety has been playing out in downtown Chicago, where city building officials for nearly a year tried to force a supertall building developer to remove an idle tower crane from a mothballed project. Photo: Tudor Van Hampton / ENR Crane atop stalled project in Chicago came down after safety concerns. Related Links: Crane Owners Step Up Inspections to Meet Tighter Quality Controls Rebuild Shop Offers Safe Alternative to Replacement The 1,047-ft-tall Waterview Tower was set to become the luxurious Shangri-La hotel, but work halted in 2008 at the 25th floor due to a lending freeze.
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.