Dovetailing with the U.S. Dept. of Transportation announcement that 24 states were vying for the $2.4 billion in high-speed-rail funds rejected by Florida Gov. Rick Scott (R), public transit advocates on April 6 released a report contending that high-speed and intercity passenger rail projects will stimulate construction, manufacturing-sector and long-term job growth. Rendering: Courtesy of California High-speed Rail Authority Report says rapid rail boosts the economy and creates jobs. According to the report, for each $1 billion invested in HSR projects, 24,000 jobs would be created. Kevin McFall, senior vice president with Stacy and Witbeck Inc., Alameda, Calif., a general
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.