The number of American Recovery and Reinvestment Act highway and transit projects out to bid, under contract and under way, as well as their dollar value, is climbing, but actual outlays still are low. As of June 30, 5,079 ARRA road and transit projects, worth $16.7 billion, were out to bid, the House Transportation and Infrastructure Committee said on July 27. Project total rose 24% from the May 31 level. ARRA highway outlays were $414 million as of July 21, the Transportation Dept. reported. Of projects out to bid, 3,553 contracts were signed, totaling $10.6 billion on June 30, up
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.