The $13.5 billion in stimulus dollars for water projects announced in February could be just the start of a robust funding stream that will keep contractors busy in California for years to come. More than $441 million in American Recovery and Reinvestment Act money will go to California wastewater and drinking water projects through the existing Environmental Protection Agency/California Water Board Clean Water and Drinking Water revolving fund grant programs. News of the influx of funding without the usual 20% match requirement brought a flood of projects to the state Water Board for consideration. Since the beginning of the year,
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.