A $1-billion bonding bill set to fund university and public-works projects in Minnesota is now on its way to Gov. Tim Pawlenty (R). The House approved the the measure on Feb. 15, several days after the Senate version passed. The governor has threatened to veto unless the reconciled measure is reduced by the time it reaches his desk. Dave Semerad, CEO of the Associated General Contractors of Minnesota, says the funding would provide a much needed boost to the state’s construction market, just in time for the winter thaw. A separate bill sponsored by the Building Jobs Coalition also passed
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.