President Obama’s call in his State of the Union address for more funding for highways, transit and other infrastructure has launched what should be a rugged fight with congressional Republicans this year over public-works spending. Obama and his Democratic allies in Congress will push to Photo: Courtesy of The White House President Obama: Wants a six-year highway-transit bill jump-started with $50 billion and proposes an infrastructure bank to leverage private funds. Promises that all work will be “fully paid for” but didn’t say how. Continues to support high-speed-rail lines spread around the U.S., with a goal of high-speed service available
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.