The $8 billion the U.S. Dept. of Transportation awarded in January for high-speed rail was a dramatic move, but it is far from a one-shot deal. DOT now is preparing to seek proposals for a new batch of rail grants, totaling more than $2.3 billion. If the first round, funded through the American Recovery and Reinvestment Act, is any indicator, the next competition will attract a throng of applicants. Photo: California High sped Rail Authority Stiff competition is expected for shares of $2.3 billion in non-stimulus DOT grants. Karen Rae, deputy chief of DOT’s Federal Railroad Administration, says, “It’s a
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.