Alabama voters turned down a proposed constitutional amendment on Tuesday to spend $1 billion over a decade to pay for road construction projects. About 57% voted against Amendment Three in the Nov. 2 election. If voters had approved the amendment, which was sponsored by Democratic Sen. Lowell Barron, up to $100 million a year would have been transferred from the Alabama Trust Fund and earmarked specifically for road construction. The transfers would have taken place annually through fiscal 2020. In the days leading up to the vote, Dr. Keith Malone, an economist at the University of North Alabama, released a
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.