As a flurry of new American Recovery and Reinvestment Act updates makes clear, opportunities for construction firms seeking to win ARRA-funded work are waning. Some agencies, such as the General Services Administration, still have substantial stimulus work to award, but in sectors such as highways, the funding window is nearly closed. Source:House Transportation and Infrastructure Committee, DOE, National Park Service.. ARRA Progress Reports Ken Simonson, the Associated General Contractors’ chief economist, says, “It appears that there is now more stimulus-funded construction activity in more sectors of the industry than at any point since last February. … The bad news is
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.