President Obama has repeated his call for higher federal spending on infrastructure, stating that U.S funding has fallen behind levels in China, Russia and other countries and declaring, "We can no longer afford to sit still." Related Links: Full text of President Obama's remarks U.S. Treasury Dept. Economic Infrastructure Analysis In the latest in a series of statements pushing public-works spending, Obama said on Oct. 11, that "our infrastructure is woefully inefficient and it is outdated." His Rose Garden comments were accompanied by the release of a Treasury Dept.-Council of Economic Advisers report outlining the benefits of higher public-works funding.
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.