I think we stole the thread.
I do projects in a lot of midwest states (i.e. Nebraska, Iowa, Kansas, Illinois, SD and ND) and they are all hurting for funds. Construction is still doing fine for now because the projects usually take around 5 years from the concept stage through design to the start of construction so everything being built right now is already paid for. Our inflation rates for const. usually range from 8 to 10% for every year the project is delayed and I would bet that around a third of the projects have been shelved. Over the last couple of years the number of RFP's have dropped to near nothing. That means in a few years the contractors will have next to nothing to bid on unless the economy picks up and those shelved project are put back on the list.
One thing that helps you guys is your location. It seems the midwest always gets screwed on federal funds. You're where to voters are so the northwest always seems to get the big bucks.
|