As the American Recovery and Rein-vestment Act reaches the eight-month mark, the construction industry is seeing a decidedly mixed picture. The $787-billion stimulus package’s estimated $130 billion of construction money is flowing out through many federal and nonfederal agency channels, but those agencies are moving their ARRA money out at varying rates on diverse projects across the U.S. Some are shown on the following pages. Related Links: Stimulus: Complete Listing of Top Shovel-, Wrench- and Pencil-Ready Projects: Transportation Secretary Ray LaHood told the House Transportation and Infrastructure Committee on Oct. 1 that the Federal Highway Administration had obligated 72% of
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.