In the first 77 days after the American Recovery and Reinvestment Act was signed into law, only about $28.5 billion of the statute's $787-billion total has turned into actual outlays, according to the Obama administration's first quarterly report on the stimulus measure. Related Links: Complete ARRA Report It also appears that relatively little of those outlays have been for construction programs. Vice President Joe Biden, who issued the report on May 13, says that there has been "significant progress" in implementing the massive stimulus package. In a letter to President Obama that accompanies the report, Biden added, "We remain ahead
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.