As an increasingly budget-conscious Congress debates multi-year aviation legislation, airport construction funding may be frozen or cut back. That outcome would come as a blow to U.S. airports, which need an estimated $80.1 billion in capital projects over the next five years to upgrade and expand runways, terminals and other infrastructure, according to a new survey of airport officials who say current funds fall far short of those needs. + Image The survey, released by the Airports Council International-North America (ACI-NA) on Feb. 23, shows that the potential market is substantial and that nearly half of the $80 billion would
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.