The $49.3 billion in federal stimulus funding set aside for transportation work generated none of the rancorous clamor raised by the banking and financial-sector bailout. Instead, politicians and officials in cash-strapped state highway departments are joining nervous contractors and engineers in nearly universal praise for the American Recovery and Reinvestment Act of 2009 (ARRA). Slide Show Photo: Arizona DOT Emphasis on speed and jobs moves repaving work to the top of the list. Any criticism has been muted. The public perceived the American International Group executive bonuses as tax dollars profiting those who were culpable for financial excesses and bad
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.