At about the 30-day mark since President Obama signed the American Recovery and Reinvestment Act, federal agencies are releasing more of the $787-billion stimulus measure’s construction funding. The Dept. of Energy, Dept. of Transportation and U.S. Environmental Protection Agency on March 12 and 13 detailed plans to distribute more than $1 billion in stimulus aid. Photo: Amtrak Amtrak plans to replace Connecticut bridge (top). The Dept. of Energy said on March 12 that it plans to release to state and local agencies an initial installment of $777.8 million of its $7.8 billion in stimulus funds for home weatherization and aid
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.