The Highway Trust Fund will need an infusion of $5 billion to $7 billion by August to avoid a slowdown in spending, Senate Environment and Public Works Committee Chairman Barbara Boxer (D-Calif.) and the panel’s top Republican, James Inhofe (Okla.), are warning. Citing Obama administration and Dept. of Transportation estimates, the senators said on June 2 that $8 billion to $10 billion more will be needed in 2010 to maintain the current highway program level, which is $40.7 billion. To fix the 2009 problem, Inhofe raised the idea of using the interest on the trust-fund balance. Interest is pegged at
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.