House Transportation and Infrastructure Committee Chairman James Oberstar D-Minn.) says he plans to unveil a new multi-year surface transportation bill in "a couple of weeks" and adds that it will move to the House floor during the first week of June. Oberstar, who discussed the legislation at an Apr. 24 press conference, declined to disclose the price tag for the measure, which his panel's staff is now drafting. But highway and transit groups released a report that says annual capital spending by all levels of government must more than double to meet projected needs. The report, issued Apr. 24 by
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.