With about $131 billion in the federal economic-stimulus package targeted for public construction, a massive amount of money now is flowing to federal and state agencies. Lessons learned from past experiences with big-ticket construction efforts for rebuilding Iraq, responding to Hurricane Katrina and delivering Boston’s Central Artery/Tunnel project could keep some of that money from going to waste. Slide Show Photo: SIGIR Iraqi prison job (above) was halted, but Ministry of Defense building was completed. BOWEN The $787.2-billion American Recovery and Reinvestment Act of 2009 (ARRA), signed into law on Feb. 17, is an economic-stimulus package of unprecedented size and
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.