The economy’s dizzying downward spiral has left few unaffected, and contractors that work in the environmental sector are no exception. But firms report the lukewarm environmental market may be starting to heat up, due in part to an infusion of federal funds from the American Recovery and Reinvestment Act (ARRA) and expected increases in federal funding for water, wastewater and Superfund cleanup projects. Photo: MWH Water and wastewater projects are getting more money. Related Links: General Building: Shaky Economy Leaves Firms Unsettled About What Lies Ahead Manufacturing/Industrial Process: Squeeze Is On As Firms Fight For What Little Work Is Available
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.