Hatzel & Buehler Rises in a Soft Market
The scope of Hatzel & Buehler’s work on the project includes the demolition, removal and addition to the existing electrical distribution systems in the station, the supply and installation of uninterruptable power systems, lighting and emergency lighting, as well as the installation of communication, security and fire alarm conduit for future use.
In New Jersey, Hatzel & Buehler did all the electrical work for New Jersey Transit’s Hamilton Railroad and Bus complex, a new 400,000-sq-ft bus maintenance facility and electrified rail platform.
Goeller also cites the firm’s work in the upgrade of what is now Brookfield Place (formerly the World Financial Center) and its ongoing role in the $250-million transformation of that space. The company is contracted to provide all of the high and low voltage needs of the owners and tenants throughout Brookfield Place.
Goeller acknowledges the slowdown in subcontracting work that is reflected in decline in aggregate revenue for specialty contractors in the New York-New Jersey region.
Aggregate revenue for the top 45 specialty contractors was $3.49 billion in 2014, compared with $3.84 billion in 2013, according to ENR New York’s 2015 regional ranking of Top Specialty Contractors, which is based on prior year revenue.
“Among certain trades, certainly electric is one of them, we have an expression: First in, last out,” Goeller says. Electricity is needed for temporary light and power early on in a job, but the bulk of the electrical work occurs at the tail end, he points out. That would shift revenue for electrical contractors to the trailing edge of any construction boom.