The U.S. Dept. of Transportation has released $27.5 billion in highway aid contained in the recently enacted economic stimulus package. President Obama announced DOT’s action on March 3, one day after the Federal Highway Administration formally apportioned $26.66 billion of the highway stimulus funds among the states. FHWA’s apportionment came eight days earlier than the deadline set by the stimulus measure, the American Recovery and Reinvestment Act. The first contract—$2.1 million—was awarded to American Infrastructure, Worcester, Pa., to grind, patch and resurface a 1.1-mile section of Route 650 in Silver Spring, Md. State highway departments say they have identified more
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.