With the 111th Congress officially begun and President-elect Barack Obama’s inauguration near, construction industry and state officials are hungering for details of the promised economic-stimulus plan. But it’s still uncertain how big the package will be, how much will go for infrastructure and how large the shares will be for highways, transit, water and other types of public works. “The economy is badly damaged. It is very sick,” Obama said on Jan. 5. He wants quick action on a stimulus measure, saying, “I expect to sign a bill to create 3 million jobs for the American people shortly after I
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.