States and construction companies forced to cope with stopgap federal bills that provided transportation funding on the installment plan now have a bit more breathing room. The Hiring Incentives to Restore Employment (HIRE) Act, signed into law on March 18, includes yet another highway-transit extension. But this one stretches through December, and these days, that almost qualifies as a long-term bill. State and industry officials would much rather have a multiyear measure, but in this election-shortened year, the nine-month bill appears to be the best they will get. New law also bolsters Highway Trust Fund with $19.5-billion transfer from general
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.