In the American Recovery and Reinvestment Act’s first 77 days on the books, only $28.5 billion of the law’s $787.2-billion total has turned into actual outlays. Few of those hard dollars have flowed into construction programs. ARRA outlays by the Dept. of Transportation, Environmental Protection Agency and General Services Administration for buildings totaled only $42.5 million as of May 12. Sources: Congressional Budget Office, Office of The Vice President, Quarterly Report On ARRA The Obama administration’s first quarterly report on the economic stimulus, released on May 13, says obligations—binding spending agreements—totaled more than $88 billion as of May 5, which
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.