With a multibillion-dollar hole expected to appear in the Highway Trust Fund in August, Transportation Secretary Ray LaHood has boosted his estimate of how much the repair will cost. LaHood has picked up support in the Senate for his proposed legislative vehicle, an 18-month extension of the current highway-transit law, which lapses on Sept. 30. House Transportation and Infrastructure Committee leaders back a different plan, a six-year highway and transit bill, which cleared subcommittee on June 24. Lawmakers, state agencies and construction companies are waiting anxiously to see how the trust-fund remedy will be financed. Photo: Utah Department of Transportation
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.