Leaders of the Senate Environment and Public Works Committee—two Democrats and two Republicans—have taken the first major action this year toward passing a long-delayed multiyear surface transportation bill. Industry officials welcomed the May 25 announcement that the four lawmakers had agreed on a framework for a $339.2-billion highway-transit measure that could stretch to as long as six years. But the plan is a long way from getting enacted. The senators haven’t lined up firm sources for all the funding, and a not-yet-introduced House version may well come in far south of $339 billion. Construction officials praised the milestone proposal, announced
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.