Congress has cleared legislation authorizing the U.S. Environmental Protection Agency to dole out up to $500 million over five years for diesel retrofits. The House passed the Diesel Emissions Reduction Act (DERA) on Dec. 21, sending it to the White House. The bill is seen as a boon for clean air, contractors and suppliers. In its first five years, DERA returned about $20 in benefits for each $1 spent, according to the Diesel Technology Forum.
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.