The Highway Trust Fund is in trouble again. Last September, Congress rescued the fund’s highway account with an $8-billion injection. Now a new shortfall, estimated at $5 billion to $7 billion, is looming in August. The picture is even darker for 2010, when an additional $8 billion to $10 billion will be needed. The search is on for more revenue, but the White House is insisting that any new money for the trust fund must be offset, presumably by spending cuts or a revenue-raising mechanism. Source: Federal Highway Administration Ending balance for FY 2008 includes $8.017 billion transferred from the
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.