Beating the deadline set by the American Recovery and Reinvestment Act, all state departments of transportation obligated their full allotments of ARRA highway funds to projects by Feb. 26. Under the stimulus statute, any road funds unobligated by March 2 would have gone back to the Federal Highway Administration to be redistributed. States had put 73% of their total $26.6 billion in ARRA highway money into projects under contract as of Jan. 31, the House Transportation and Infrastructure Committee reported on March 4. That’s up from 66% on Dec. 31. Maine and Wyoming led the pack, each having 100% of
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.