The $787-billion American Recovery and Reinvestment Act has about $130 billion slated for construction. While much of the money is slow in coming, the first wave of funded projects typically were repaving and other quick, off-the-shelf highway projects. These had contractors scrambling and bidding ferociously, keeping prices at bare-bone levels and opening the door for even more construction projects. Photo: Michael Moore Source: Florida DOT Three quarter moving bid-price index Related Links: Competition Intensifies as Recession Deepens Industry Has Little Confidence About Near-Term Market Gains Medical Costs Trump Savings From Safety Recession Steadies Prices For Liquid Paving Product Airport To
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.