DOT Expands TIFIA Financial Assistance for Transportation Infrastructure
[ad_1] The U.S. Dept. of Transportation recently updated its Transportation Infrastructure Finance and Innovation Act program policy to finance as much as 49% of project costs, up from 33% in most cases. It’s a change that has been sought by
ABC Survey: Contractor Backlog Increased In June
[ad_1] The Associated Builders and Contractors' (ABC) Construction Backlog Indicator rose to 8.7 months in June, according to a member survey, the association announced. The figure is up by 0.3 months compared to both May 2025 and June 2024.“Despite a
Insufficient Risk Mapping, Overdevelopment Cited in Texas Flood Tragedy
[ad_1] Overdevelopment in flood-prone areas and inadequate mapping from the Federal Emergency Management Agency likely contributed to the tragedy that unfolded in central Texas July 4, when sudden flooding of the Guadalupe River led to a death toll of 120
Construction Adds 15K Jobs in June
[ad_1] WASHINGTON, DC — The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased