The amount of federal economic-stimulus work continues to grow, with the April 15 announcements that the Interior Dept.’s Bureau of Reclamation has committed $1 billion to projects throughout the West and that the Environmental Protection Agency is dividing $600 million among Superfund projects at 50 sites. Photo: Bureau of Reclamation Red Bluff Diversion Dam to get pumping plant. BuRec included about 30 large projects and an unspecified number of smaller ones that it plans to finance through the stimulus, the title of which is the American Recovery and Reinvestment Act (ARRA). California will receive the largest share at $260 million.
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.