States seeking the $2.4 billion in federal high-speed rail funds that Florida's governor turned down will have to file new applications with the U.S. Dept. of Transportation. Related Links: DOT Notice The deadline is tight: DOT Secretary Ray LaHood announced late on March 11 that the deadline for applications for the funds is April 4. U.S. DOT had awarded the $2.4 billion to Florida last year, but the state's new governor, Rick Scott [R], turned it down. There is likely to be no shortage of competition for the money. LaHood said, "States across the country have been banging down our
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.