Infrastructure is the backbone of our economy. Although the United States hasn’t seen a massive investment in national infrastructure projects since the 1950’s and 1960’s, we will see several significant investments in infrastructure projects in the near future. The logic is simple. During uncertain times, infrastructure development projects can provide a myriad of economic and social benefits to the nation.
In this brief article, a West Palm construction lawyer will discuss four reasons why construction businesses should consider focusing on roadway construction projects. For legal advice or assistance procuring lucrative government contracts, consult the construction attorneys at Cotney Construction Law.
1) Transportation Projects Are Currently In Demand
Let’s begin by saying that transportation projects are in demand in the Sunshine State. As it was announced last week, the Florida Department of Transportation (FDOT) will be accelerating critical construction projects across the state. From Miami-Dade to Tampa Bay and Orlando, these infrastructure projects collectively make up a total of $2.1 billion in funding and offer a tremendous opportunity for Florida-based businesses.
2) They Stimulate the Economy
Job creation is arguably the biggest bonus that transportation projects bring to the table. With over two billion in funding, the above initiative can employ tens of thousands of construction professionals for several years. Moreover, aside from the professionals directly working on the project, transportation projects also provide significant funding to the suppliers and manufacturers that produce materials for these projects along with a variety of other businesses that benefit from thousands of individuals employed in their area. Simply put, transportation projects accelerate economic growth.
3) They Offer Career-Oriented Positions
Transportation projects will not only bolster job creation during an economic downturn, but they also offer construction professionals great salaries and long-term opportunities. According to Payscale, the average highway construction professional earns $64k a year, including $89k per year for superintendents and project managers. Highway construction projects can also take up to five years or more to complete, so there’s an opportunity for long-term, year-round work for construction professionals during uncertain times.
4) They Make a Difference in the Community
Highway projects provide meaningful jobs that positively impact society. Working on transportation projects allows citizens to connect with nearby communities, reduces congestion and accidents, and improves quality of life. As there is an urgent need to repair and upgrade the national infrastructure in the near future, working on highway construction projects is critical in meeting that demand.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.