A projected August Highway Trust Fund shortfall has been averted, at least for now. President Obama signed a bill on Aug. 7 adding $7 billion to the trust fund�s ailing highway account. The new money, transferred from the general fund, is expected to keep the account solvent through Sept. 30 or maybe a bit longer. When Congress returns after Labor Day, debate is likely to heat up over reauthorizing highway and transit programs.
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.