Water infrastructure projects would get a boost under legislation to reauthorize the clean water and drinking water state revolving funds at $38.5 billion over five years. The proposal passed the Senate Environment and Public Works Committee on May 14. The bill, which was approved with bipartisan support, would increase the clean water SRF to $20 billion over five years and the drinking water SRF to $14.7 billion over five years. A comparable bill passed the House on March 5, although the House bill only provides funds for the clean water SRF and does not address drinking water. Construction industry groups
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.