The faltering Highway Trust Fund has won a reprieve, with final congressional approval July 30 of a $7-billion infusion from the general fund. It is the second bailout for the fund in less than a year. But the relief only will keep the trust fund’s highway account solvent through Sept. 30 or perhaps a little beyond. After lawmakers return from their August break, they quickly must find still more money to shore up the fund past that date. Oberstar pushing a six-year bill. The short-term fix “will at least get us through the August recess and make sure that contractors
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.