Global firms are looking to strike a delicate balance in the unsteady vertical building market. Some regions are recovering from the global recession, while many parts of the world continue to struggle. Although public spending has helped prop up some markets, governments are now reining in expenditures, leaving designers and contractors fighting for limited opportunities in the private sector to help fill the void. Photo: Courtesy of Skanska The Nya Karolinska Solna Hospital is the largest PPP hospital project in the world, Skanska says. Related Links: Overview: Finding Work in Tough Times View Complete Global Sourcebook with Rankings Transportation: Asia
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.