In another hot competition for federal funds, the U.S. Dept. of Transportation has awarded more than 50 grants totaling over $400 million to build or upgrade bus facilities, including maintenance shops and terminals. The facilities awards are among $776 million in grants which DOT announced on Oct. 4 that are aimed at cutting into the backlog of bus transit capital needs around the country. Besides the funding for facilities, DOT also awarded dozens of grants to transit agencies to purchase new buses. DOT Secretary Ray LaHood noted that his department estimated earlier this year that $78 billion is needed to
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.