Voters around the U.S. will decide the fate of $4.8 billion in construction bond proposals on Nov. 2. The largest share of that total, nearly $3 billion, comes from local bond measures in Texas. There is more at stake than state and local bond proposals to fund infrastructure: Several policy questions on ballots could affect the construction climate in several key states. + Image Ten of the nation’s 12 statewide bond issues, totaling $1.3 billion, appear to be construction-related. The $1.9-billion volume for all statewide bond measures is down sharply from the $18.4 billion proposed in the 2008 elections, according
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.