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Bridge & Tunnel Construction in the US
IBISWorld, May 2009, Pages: 49
This industry comprises: (1) establishments primarily responsible for the entire construction(i.e., new work, reconstruction, or repairs) of bridges, viaducts, elevated highways, and tunnels; (2) establishments identified as bridge and tunnel construction management firms; and (3) establishments identified as special trade contractors primarily engaged in performing subcontract work related to bridge and tunnel construction. Establishments in this industry may subcontract some or all of the actual construction work. Kinds of establishments include bridge and tunnel general contractors, design builders, engineer-constructors, and joint-venture contractors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Over and under - strong industry growth
Either way you look at it, this industry is growing strongly with healthy revenue, record employment and increased public and private funding for the construction of bridges and tunnels. To be successful in this highly competitive industry, large scale firms need to offer low prices for tender, and smaller scale operators must build relationships through word of mouth recommendations and networking.
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