Transportation agencies have been near the front of the pack in getting American Recovery and Reinvestment Act funds out the door. In highways, state depts. of transportation have $16.8 billion in ARRA projects under construction, says David Bauer, American Road & Transportation Builders Association senior vice president. That represents 63% of ARRA’s $26.7 billion in formula highway aid. “If it’s under construction, it’s supporting employment,” he says. Related Links: As Federal Dollars Pour Out, A Second Stimulus Plan Grows Electricity Programs See Work Start to Surge Water, Cleanup Sectors See Mixed ARRA Prognosis Buildings Project List Still Long U.S. Dept.
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.