Related Links: U.S. Stimulus Causing Rebound in Water Project Spending The overdue bill for water systems is reaching alarming size, with economic consequences that will weigh on U.S. businesses for years to come.An economic analysis on unmet public water and wastewater system needs commissioned by the American Society of Civil Engineers (ASCE) paints a grim future for the U.S. economy. The costs associated with unreliable delivery and inadequate treatment, the analysis shows, will combine to cut the nation’s gross domestic product by as much as $416 billion over the next decade if current spending levels remain unchanged.Failure to Act: The
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.