Many design firms in infrastructure markets are seeking alternative financing sources for projects. Parsons Corp. is taking the next step by creating a new group, Parsons Enterprises, to help create alternative financing plans and, in the right cases, invest in the projects themselves. Photo: Courtesy Parsons Related Links: The Top 500 Design Firms: 2010-2011 at a Glance “The joke has been that you would go to conferences on alternative financing and discuss the same three projects over and over,” says Ruth McMorrow, new executive vice president at Parsons. McMorrow helped arrange public-private deals on civil works as an investment banker
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.