Citing limited Highway Trust Fund revenue, Sen. Max Baucus (D-Mont.) has floated the idea of a two-year highway bill. The Obama administration has proposed a six-year highway-transit authorization, a span many in industry like. At an April 14 Environment and Public Works Committee hearing, Baucus said if currently projected trust-fund revenue were spread over six years, annual highway spending in that period would be cut to $28 billion from $42 billion now. Baucus says, unless new revenue is found, a shorter bill that the trust-fund can finance at $42 billion a year, may be better than a six-year measure with
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.