With the economic slump battering tax receipts, state budgets remain in dire shape, and the pain may continue into fiscal year 2012, according to the National Governors Association and National Association of State Budget Officers. In that environment, it’s no surprise that states around the country are slicing spending. One sector in which construction firms are feeling the impact is transportation. + Image Related Links: Stimulus Was Just a 'Tickle' For Transportation Firms NGA and NASBO on Nov. 12 released preliminary findings from their next biannual Fiscal Survey of the States, due out Dec. 3. Scott D. Pattison, executive director
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.