In the absence of a new transportation policy, investment in infrastructure is largely left to alternative sources of funding, such as Public Private Partnerships (PPPs). With all the buzz about PPPs, contractors should first learn the “basics” about alternative financing and then appreciate the risks.
Continue Reading Risky Business: What Contractors Need to Know About Alternative Funding for Infrastructure
End of the Road for One Highway Contractor’s Claim
Words matter. Yesterday, the Supreme Court of Tennessee released its decision in a construction dispute between Ray Bell Construction Company and the Tennessee Department of Transportation. Where the contractor won the first two rounds at the trial court and intermediate appellate court levels, TDOT prevailed in the final appeal.
The Dispute. The primary issue in
New Reports Cites “Underinvestment in Transportation” as Major Cause of Project Losses and Layoffs
In a new federal report released last week entitled "An Economic Analysis of Infrastructure Investment"(pdf), the Department of the Treasury, Council of Economic Advisers outlined why now is an optimal time to increase investment in transportation infrastructure.
The short twenty-five page report is, according to AGC, "a sobering reminder of the tremendous economic costs