Prices for Caterpillar construction equipment will rise by about 12% over the next four years as the company rolls out new and revised models that meet the next level of worldwide clean-air standards. Photo: Caterpillar Inc. The engine compartment of Cat’s Tier 4 excavator is about 12 in. taller than previous models to accommodate new tailpipe controls. About a third of the overall price increase will start next year, said Cat officials at the company’s Peoria, Ill., headquarters on Feb. 11. In 2011, the U.S. Environmental Protection Agency’s Tier 4 Interim and European Union Stage IIIB standards take effect. The
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.