Michigan Legislature watchers say the state’s Senate could vote within the next few weeks on a bill that would let the state enter into public-private partnerships for the first time in history. If it passes the Senate, the legislation will almost certainly be signed into law by Gov. Jennifer Granholm (D), who has come out in favor of the legislation. The corresponding bill passed the Michigan House on May 26. Backers say allowing the state to enter into public-private partnerships would open the door to about $5 billion in private investment in more than a half- dozen highway, bridge and
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.