With the current highway and transit authorization law set to expire on Sept. 30 and the Highway Trust Fund in deep, immediate trouble, a two-way tussle has arisen over what Congress should do next. Transportation Secretary Ray LaHood and the White House want an 18-month highway and transit extension with a trust-fund fix. House Transportation and Infrastructure Committee Chairman James Oberstar (D-Minn.) and other leaders on the panel reject an extension and have proposed a $500-billion, six-year reauthorization. They want to see the trust fund repaired, but their bill is silent on that point. Missing so far from both LaHood’s
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.