Water, water everywhere…and upgrades are rampant
Projects to expand and improve water systems will result in high demand for contractors throughout America for at least another two years.
Suggestions
Funding is abundant for projects that remediate brownfield properties and prepare them for development
Many brownfield properties are the former sites of dry-cleaning firms, manufacturing plants or gas stations and to be used, the site must be remediated and made safe.
Fast-growing cities have high demand for private sector contracting partners
A population surge in the U.S. is increasing the demand for enhancing or expanding basic infrastructure.
Federal sustainable construction projects will soon launch in many states
Billions in funding are currently available for sustainable projects, and more could be allocated soon because Congress is focused on maintaining public assets.
It’s a very good year for contractors to partner with government
Many of the projects are funded by federal programs, with billions yet to be allocated before the end of 2026, and visionary leaders are moving quickly to take advantage of this funding.
America’s school facilities are being renovated, expanded, and upgraded, creating high demand for construction
School districts typically issue voter-approved bonds to pay for large-scale projects such as new buildings, equipment upgrades and sports facilities.
Why aren’t more cities and counties embracing public-private partnerships?
Many local government leaders are already reaping the benefits of public-private partnership initiatives.
America’s healthcare infrastructure is being modernized, updated and expanded
Approximately $1 billion was allocated through the American Rescue Plan, and it was earmarked for renovation or the construction of new health centers
America’s airports are buzzing with announcements of new upcoming projects
A total of $3.35 billion will be awarded in 2024 for airport projects, creating opportunities such as terminal expansions, baggage system upgrades and overall infrastructure upgrades
Port projects about to launch provide numerous collaborative opportunities
Estimates suggest coastal port waterside infrastructure will need at least $12 billion more between now and 2031, and additional billions for landside port infrastructure
