Industry Analysis & Industry Trends
While the Great Recession has taken a heavy toll on almost every US construction industry, robust federal stimulus investment in infrastructure development has supported the Road and Highway Services industry through this turbulent time. Looking forward, the federal commitment to highway and infrastructure funding and the overall health of the US economy will determine industry performance. Specifically, the Moving Ahead for Progress in the 21st Century Act will work to improve bridges, fix roads and reduce congestion... purchase to read more
Industry Report - Starting a New Business Chapter
There are few formal barriers to entry for new contractors into this industry, other than the requirement for state licensing and registration. As the scale of operation increases, entrants are likely to encounter increased obstacles in terms of the incumbent contractors' foothold in the market and increased capital equipment requirements.
On small-scale local government street maintenance contracts, or subcontracting on residential subdivisions, there are few barriers to new entrants. New entrants have no significant technological disadvantage because specialized equipment may be leased.
Smaller scale contractors tend to rely on maintaining a sound reputation and a network of contacts within the construction sector to obtain contracts... purchase to read more