Using innovative project delivery methods, the Missouri Dept. of Transportation may complete upgrades of 800 bridges in four years—a year ahead of the planned five. But as Congress dithers on enabling long-term federal transportation funding this year, MoDOT may not be able to embark upon another major program any time soon.
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.