United Rentals Inc. and Fluor Corp. are teaming up to offer equipment, tools and logistics services for oil-and-gas owners along the Gulf Coast. Executives say the venture may later expand beyond the region. Photo: Tudor Van Hampton For ENR An AMECO job trailer supplies tools and safety gear to an industrial construction project. “We are just getting started,” says Michael Kneeland, CEO of Greenwich, Conn.-based United Rental. With construction markets still down, firms sitting on equipment are looking to put idle assets to work. Both firms have received a lift from Gulf Coast cleanup contracts but want to target 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.