As the construction recession drags on, industry firms look to those who hire them and write the checks to see when the downturn will end. While many owners believe the worst is past, most think there will be no quick turnaround in construction in the near future. When the market does turn around, owners worry about who will be there to take up the burden of rebuilding the nation’s industrial and public infrastructure. Photo: Courtesy San Jose International Airport + Image Related Links: The Top Owners Sourcebook Complete Report Roads & Bridges: Lack of Long-Term Funds Stymies Local DOTs Aviation:
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.