Faced with political opposition and inconsistent rules from state to state, partnerships that channel private investment into public works have lagged badly in the U.S. compared to Europe and Australia. A new survey report suggests that public officials that have experience in building via public-private partnerships consider the method an important and useful development tool, but that there is a long way to go in gaining broader acceptance. Photo: Missouri DOT Can PPPs fund special truck lanes, such as the ones shown in this experiment in Missiouri? Related Links: Experienced Officials Support PPPs McGraw-Hill Construction’s PPP SmartMarket Report Released at
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.