Industry groups are offering modest praise for the funds allocated for water infrastructure in the $825-billion economic stimulus package, saying the funding levels are a good start. “It’s a huge increase over what’s been appropriated in the past,” says Karen Lapsovic, director of tax, fiscal affairs and infrastructure finance at the Associated General Contractors. But the same industry groups are quick to point out that much more is needed to even to begin to fix the nation’s ailing water infrastructure. Related Links: Proposal in House Fires Up Debate Does Massive Spending Help or Hurt in Long Run? Modest Program Favors
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.