With $5.9 billion in stimulus package money ready to go, the Dept. of Defense unveiled an expenditure plan that adds up to big opportunities for small contractors. The DOD plan, which was released to Congress on March 20, outlines nearly 3,000 projects that cover a broad mix of new construction, renovations and facility upgrades at sites in all 50 states, the District of Columbia, Guam and Puerto Rico. The plan includes $2.3 billion in work under the military construction program, with the vast majority dedicated to projects under $10 million. The plan focuses on family housing, troop housing and quality-of-life
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.