The Environmental Protection Agency on April 15 announced its plan to distribute $600 million in American Recovery and Reinvestment Act (ARRA) funds for cleanup at 50 Superfund sites across the United States. The EPA says the funding will accelerate the hazardous waste cleanup already underway and fund new cleanup projects at the sites. Meanwhile, that same day, the Interior Dept. announced that it would distribute $260 million in economic recovery investments through the Bureau of Reclamation for drinking water projects to help address the devastating drought in California. Overall, BuRec will distribute $1 billion in ARRA funds for water project
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.