Economic Stimulus Bill (and other legislation) Provides Renewed Opportunity for Construction Industry

The American Recovery and Reinvestment Act (or economic stimulus bill) that was signed into law this week by President Obama provides over $130 billion in construction-related spending. This spending covers a wide range of projects, including roads, public transportation, federal buildings and hospitals. With a requirement that much of the $130 billion be obligated by September 30, 2010, this legislation has the potential of having an immediate impact on the construction industry and provides significant opportunities in an otherwise slow economy. A brief summary of the legislation’s most pertinent construction-related spending, categorized by which government agency will be responsible for its procurement, follows.

Construction Alert 2-18-09.pdf (66 KB)