Competition remains intense for the Dept. of Transportation's TIGER grants, which help fund road, rail and other projects deemed to have major regional or national impacts.DOT reported on April 5 that it had received 703 applications, totaling $10.2 billion, for the 2012 round of its Transportation Investment Generating Economic Recovery program—far more than the $500 million it has to award. Applications flowed in from every state, as well as the District of Columbia and U.S. territories.The new TIGER competition is the fourth since 2009. In the first three rounds, DOT received 3,348 applications totaling more than $95 billion. It awarded
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.