Lists of stimulus-funded projects are now rolling out of federal agencies, but there are still many questions about how government entities will effectively manage the nearly $135 billion in work hitting the market in coming months. With many agencies hampered by staff cutbacks in key areas such as procurement and contract oversight, federal officials are seeking answers from within their ranks and debating the need to tap private industry for help. Many project-management and construction-management firms believe trends are in their favor. Photo: AP / Wideworld Obama meets road crews at DOT headquarters while marking transportation stimulus milestone. Todd Wager,
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.