Competition for projects in the four-state Southeast Construction region has been at an intense level throughout 2009, as an increasing number of building contractors find themselves chasing a declining number of new contracts, hoping to build a backlog during this historic downturn.
As the residential and commercial markets continue their declines, contractors operating in Florida, Georgia, North Carolina and South Carolina have been witnessing unprecedented bidding activity on some contracts. At the same time, as the billions in construction funding from the American Recovery and Reinvestment Act—mostly in the road-building sector—rolls out, transportation contractors are likewise experiencing a heightened level of competition.