Industry Analysis & Industry Trends
Bridge and tunnel construction has remained relatively strong, despite federal and state governments facing budget constraints in the midst of the recession. As states increase their transportation outlays, further growth will occur in the industry. Moreover, governments will be focused on restoring and replacing existing structurally deficient bridges and tunnels, resulting in greater funding for these projects. However, the passage of a shorter-term federal transportation bill could dampen demand for long-term projects and reduce growth in 2013 and 2014... purchase to read more
Industry Report - Starting a New Business Chapter
There are no significant barriers to entry into this industry given that the technical and professional aspects of the services provided in the industry do not require large up-front capital investment. The diverse scale and geographic dispersal of contracts also helps to keep barriers low. The technical complexity of some construction projects effectively restricts the entry of new small-scale start-up competitors into these segments of the bridge and tunnel construction market. However, at the bottom end of the market, the barriers to entry are considered low (e.g. rural bridge maintenance contracts and subcontracting jobs to prime contractors). Small-scale firms rely on an established reputation and networking in the construction sector to obtain contracts... purchase to read more