Infrastructure Stimulus Package

Talk of an infrastructure stimulus package has been pushed into the background recently because of all the news coverage surrounding Illinois Governor Rod Blagojevich, and possible connections to the Obama staff over an appointment to fill Obama's vacated Senate seat. Nevertheless, the contractors, suppliers and service providers who want to be best positioned to participate in stimulus construction funding must not lose sight of the fact that staff is still working on the issue, and come January 21, those organizations who are in a position to move ahead promptly will get the most out of their preparedness.

What this means is that your company or firm needs to start prepating now to team up with partners who are also equipped to implement design/build and other fast track construction delivery methods. Whatever stimulus program is ultimately enacted will of course be designed to get the most dollars into the hands of construction industry employees in the quickest possible manner. Dust off those design/build front end documents and the cost plus contracts you haven't been able to use on public projects in the past and make sure you understand how they work. Talk to your lenders and surety company and figure out what the impact of this economic crisis has been on the availability of working capital and bonding capacity, and make sure you ask the same questions of your prospective parthers in building your team. The last thing you want to have happen is to be awarded a contract you can't complete because of financial limitations.

This is no time for sitting back and waiting to see what happens in Washington. Sit down now with your professional advosirs and plan what sort of team you will need to be in a position to be first out of the starting gate next month. Identify the partners you would like to work with, and initiate those contacts now to put yourself into position to be more prapared than your competitors. Put yourself in contact with a legal advisor who is prepared to track developing stimulus legislation and help your organization and your team stay abreast of everything you will need to launch your bids in these projects as soon as they are released into the market. Let us know how we can help.