http://fiatech.org/images/stories/events/techconference/2009/ComprehendingUSConstructionMarketplace by FIATECH

Strategic Briefing for April 7, 2009 I

Las Vegas

Understand Prepare

Grow

Comprehending the 2009 Construction Marketplace

Rusty Sherwood I Vice President

Strategic Briefing for April 7, 2009 I

Las Vegas

Understand Prepare

Grow

Things arenâ&#x20AC;&#x2122;t great, but hang in thereâ&#x20AC;Ś better days are ahead!

Rusty Sherwood I Vice President

 Trends  US

& Global

4:3

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

$463B

$131B

– Project Delivery Methods

< 2700 sec

 Trends  US

& Global

– Sustainability/Green Building

Context – Interoperability and BIM – Workforce/Labor Stimulus – Innovation 09/10 Impact – Materials Trends – Project Delivery Methods Resources

The McGraw-Hill Companies – Essential Information & Insight…

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Formation of Construction Industry Association Council (CIAC)

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 Trends  US

& Global

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

Stimulus the big picture

– Project Delivery Methods

Economic Crisis = Opportunity? component of recovery policies – federal and state

 Major  Key

to job creation

The U.S. Economic Recession has Deepened Real GDP Growth - Quarterly

Change in Employment Jan.'09

Thousands of Workers

-598,000

400

'08 Q4

Annualized Percent Change

-3.8%

8 6

200

4 2 0 -2

0 -200

Full Yr. 2008 3 million jobs lost

-4 -6

-400 -600

01 01

Three Part Recovery Plan Stimulus Bill Financial Rescue Package Housing Rescue Package

GDP Pattern: History 2007

Forecast 2008

+2.0% +1.3%

2009

2010

-2.5%

+2.0-2.5%

Major Negative – Lending Standards Still Tight Survey of Bank Lending Officers

Survey of Bank Lending Officers

Percent Reporting Tighter Lending Standards --

Commercial and Industrial Loans

90 75

-15

-30

Commercial Real Estate Loans

Financial rescue effort from Fall ’08 has not yet had positive impact. Obama Administration’s financial rescue effort – still waiting on details.

Tight lending continues to impact construction activity. Chicago Spire World Trade Ctr. Towers 2,3

Another Constraint – State & Local Finances Year-end Balance of State Governments

Numerous states facing large budget gaps for Fiscal Year 2009, including -

State & Local Governments

Shortfall $ bil.

Year-End Balance, Percent of Expenditures

12 10 8 6 4

2 0 90

Source: National Association of State Budget Officers

California $35.9 Illinois 8.0 New York 6.4 Florida 5.7 New Jersey 3.7 Massachusetts 3.3 Arizona 2.7 Georgia 2.3 Pennsylvania 2.3 Virginia 2.3 Also – 20 states have implemented cuts to K-12 education, 6 states proposing cuts 28 states have implemented cuts to public colleges and universities. Source: Center on Budget and Policy Priorities

$787.2 Billion American Recovery and Reinvestment Act of 2009

“

…the most sweeping economic recovery package in U.S. history…

”

President Barack Obama Signed Denver, CO

How the Construction Industry… benefits from the Stimulus 

Will stimulate more construction activity in 2009-2011



Adding 7.6% to bring total construction in 2009 to $463 Billion



Adding 10.6% in 2010 to bring total construction to $509 Billion

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

Enacted on February 17



Total: $787.2 billion (over 10 years) – $308.3 billion appropriations spending – $211.8 billion tax cuts – $267.0 billion direct federal spending • State fiscal stabilization, unemployment insurance, etc



Construction Spending Share (included in appropriations) – ENR estimate: $131 billion • Note: some line items are for capital programs (equip’t as well as construction, eg, transit, airport baggage screening)



Surprises – Pleasant - $8 billion for high-speed rail corridors – Unpleasant – No line item for school construction

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

Distributing the stimulus money – States: about $40 billion, including… • Highways: $26.7 billion

• Transit: $7.8 billion • EPA Clean Water SRF: $4 billion

• EPA Drinking Water SRF: $2 billion • State energy offices: $3.1 billion

– Federal Agencies: about $90 billion, including… • DOE: $27 billion (including $11 billion for Smart Grid) • GSA: $5.55 billion (including $4.5 billion for green building upgrades)

– $750 million for courthouses, other federal buildings – $300 million for border stations

• DOD: $6.6 billion (repairs, upgrades, energy improvements, barracks, medical buildings) • VA: $1.25 billion (hospitals and other medical facilities)

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

Transportation – Highways: $27.5 billion – Transit: $8.4 billion – Rail: $9.3 billion • Includes $1.3 billion for Amtrak; $8 billion for high-speed rail

– Transportation Security Administration: $1 billion to buy, install explosive-detection, airport screening equipment 

Environment – – – –



EPA clean water and drinking water SRF’s: $6 billion Corps of Engineers: $4.6 billion DOW environmental cleanup: $6 billion EPA cleanup, including Superfund: $1.2 billion

Energy – Electricity grid: $11 billion; “Smart-Grid” investment: $4.5 billion – Renewable energy loan guarantees: $6 billion – Tax credits for renewable energy projects extended

• Wind energy extended through 2012 Biomass and geothermal extended through McGraw-Hill Construction•Confidential. All information presented © McGraw-Hill Construction, 2008. All2013 rights reserved.

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

Buildings – GSA federal buildings, energy-efficiency upgrades: $4.5 billion – Construction funding for such agencies as NSF, NIH

– DOD restoration, modernization of facilities: $4.2 billion – Veterans Administration: $1.3 billion for hospital upgrades

– HUD public housing capital fund: $4 billion – HUD redevelopment of abandoned, foreclosed properties: $2 billion 

Schools – No specific line item. ($20 billion in House and Senate version) – Renovation funding could come from $39.6 billion in bill’s State Fiscal Stabilization Fund

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

Looking ahead… – Federal reports (DOD, VA “expenditure plans) due 30 days after enactment. – GSA “detailed plan by project”, due 45 days after enactment. – Obligation deadlines: • GSA, $5 billion obligated by Sept 30, 2010, other $550 million by Sept 30, 2011. No penalty in the act for missing deadlines • VA construction funds, available until Sept 30, 2010.

• DOD/military construction funds, available until Sept 30, 2010 • DOD operation and maintenance funds (repairs, modernization available for obligation until Sept, 30, 2010.

• Army Corp of Engineers civil work funds, no expiration date for funding • Highways, FHWA apportioned funds to states on March 2 releasing $26.7 billion for projects – States must obligate 50% of funds 120 days from apportionment (about July 1). Obligate next 50% one year after apportionment – Use it or lose it – unobligated money redistributed by US DOT – State agencies file progress reports 90 days, 180 days, one year, two years, three years after enactment 21 McGraw-Hill Construction Confidential. All information presented © McGraw-Hill Construction, 2008. All rights reserved.

Breaking down the numbers… American Recovery and Reinvestment Act of 2009 

“Buy American” provisions (section 1605 in the Act) – No stimulus funds can be used for a project “unless all of the iron, steel, and manufactured goods used in the project are produced in the United States. – But there are exceptions… • If a federal agency head finds that the Buy American provision “would be inconsistent with the public interest”, or the US-produced iron, steel, or manufactured goods are not “in sufficient and reasonably available quantities and of a “satisfactory quality”, or they would increase the project cost by more than 25%. • Act also says Buy American section “shall be applied in a manner consistent with the United States obligations under international agreements.”

U.S. Macroeconomic Picture Two other keys to economic recovery… 

Financial Stability Plan  Proposed February 10. “A work in progress.”.

 Goal: inject as much as $2.5 trillion into banking system  Parts:  more funding for ailing banks  create mechanism for private investors to buy toxic securities  expansion of Federal Reserve program to encourage consumer lending



Housing Rescue Plan  Proposed February 18. Further details provided on March 4.  Total Cost: $275 billion, could help 9 million homeowners

 Parts:  Remove limit on refinancing for “responsible homeowners.  Allow Fannie Mae and Freddie Mac to guarantee refinancing on mortgages valued at more than 80% of homes value.  Help renegotiate loan terms for “at-risk homeowners”, create a $75 billion program to subsidize loan modifications  Incentives for lender: $1,000 upfront payment for every loan modified.  $200 billion to back Fannie Mae and Freddie Mac (Purchases of stock, to reduce concerns about solvency.) 23 McGraw-Hill Construction Confidential. All information presented © McGraw-Hill Construction, 2008. All rights reserved.

 Trends  US

& Global

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

Construction Impact

2009 - 2010

– Project Delivery Methods

Total Construction Starts Helped by Stimulus Bill in 2009-2010 Total Construction Starts Including Stimulus Effect (Billions of Dollars) Total Stimulus 800 700 - 14%

600 500

--15% 11%

+10% +10%

2009

2010

400 300 200 100 0

2005

2006

2007

2008

Highway and Bridge Construction Big Winners Under Stimulus Highway and Bridge Construction (Billions of Dollars)

Stimulus +10%

70 +15%

-2%

50 40 30 20 10 0 2005

2006

2007

2008

2009

2010

Environmental Public Works Will See Big Boost from Stimulus Environmental Public Works (Billions of Dollars)

Stimulus +10%

50 +2%

+8%

30 20 10 0 2005

2006

2007

2008

2009

2010

Other Public Works Will Benefit Significantly from More Transit/Rail Funds Other Public Works, Including Transit/Rail (Billions of Dollars) 35 -9%

+4%

Stimulus

+5%

25 20 15 10 5 0 2005

2006

2007

2008

2009

2010

Electric Utilities Will Stay at High Volume with Push from Stimulus Electric Utilities, Including SmartGrid (Billions of Dollars) Stimulus 30

+ 65%

- 25%

- 3%

2009

2010

20 15 10 5 0 2005

2006

2007

2008

Public Buildings, While a Small Category, Will Receive Large Stimulus Boost Public Buildings (Billions of Dollars) Stimulus 18 15

+7%

- 1%

2008

2009

- 5%

12 9 6 3 0 2005

2006

2007

2010

Healthcare Facilities Will Get Slight Benefit from Stimulus After a Record 2008 Healthcare Construction Starts (Billions of Dollars)

Stimulus

+27% - 14%

- 3%

25 20 15 10 5 0 2006

2007

2008

2009

2010

Educational Buildings Will Settle Back, Diminished Prospects for Stimulus Boost Educational Buildings Stimulus

(Billions of Dollars)

+8%

60 50

- 9% - 9%

+5%

40 30 20

10 0 2005

2006

2007

2008

2009

2010

Multifamily Housing Weaker in 2009, Slight Benefit from Stimulus Expected in 2010 Multifamily Housing (Billions of Dollars) Stimulus

80 70

60 50

- 35%

- 31% - 31%

40 30

+18%

20 10 0 2005

2006

2007

2008

2009

2010

Office Construction in Retreat, Slight Stimulus Benefit (via Gov’t. Offices) Office Construction Starts (Billions of Dollars) Stimulus

- 6%

- 20% - 20%

6% -- 6%

20 15 10 5 0 2005

2006

2007

2008

2009

2010

Store Construction in Sharp Correction, No Expected Benefit from Stimulus Stores and Shopping Centers (Billions of Dollars) 30

- 28%

- 20%

- 5%

- 31%

- 5%

2009

2010

10 5 0 2005

2006

2007

2008

Hotel Construction in Sharp Correction, No Expected Benefit from Stimulus Hotels and Motels (Billions of Dollars) 18 15

- 7%

- 27%

- 38%

- 12% - 12%

2009

2010

6 3 0 2005

2006

2007

2008

U.S. Total Construction Starts for 2009-2010 Billions of Dollars

Total Construction Single Family Housing Multifamily Housing Commercial Bldgs. Institutional Bldgs.

Manufacturing Bldgs. Public Works Electric Utilities

2005

2006

2007

2008

2009

670.3

689.6

639.2

548.1

463.1

+13%

+3%

-7%

-14%

-15%

+10%

315.5

272.4

201.2

122.4

85.1

115.0

+12%

-14%

-26%

-39%

-30%

+35%

68.6

69.8

61.8

40.0

27.6

37.8

+36%

+2%

-12%

-35%

-31%

+18%

72.2

93.0

100.9

84.1

61.3

58.2

+7%

+29%

+8%

-17%

-27%

-5%

100.1

110.8

117.2

128.3

119.3

121.0

+12%

+11%

+6%

+9%

-7%

10.1

13.5

19.8

27.3

17.8

16.0

+26%

+33%

+47%

+38%

-35%

-10%

96.0

112.4

121.5

118.2

130.5

141.9

+9%

+17%

+8%

-3%

+10%

+9%

7.9

17.7

16.8

27.7

20.7

20.0

+6%

+125%

-5%

+65%

-25%

-3%

2010

509.3

+1%

Points of Perspective – U.S. Construction Total Construction Activity by Cycle Cyclical Trough (T) = 100, Based on Constant 2000 Dollars 190 1991-2009

175 160

1975-1982

145 1982-1991

130 115 100 85

1991- 2005 T

T+2

T+4

T+6

T+8

T+10

T+12

T+14

Years from Cyclical Trough

T+16

T+18

 Trends  US

& Global

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

Trends shaping construction

– Project Delivery Methods

Global Construction

Worldwide: Sharp Declines in 2009 Real GDP Grow th, Annual % Change

China India UAE USA

15.0 13.0

11.6 9.8

10.0

9.3

9.4

7.4 5.0 2.8

9.0 7.3 7.0

2.0

1.1

0.0

6.7

8.0 6.5

5.1

4.5

1.8

1.6

-1.6 -5.0

2006

2007

2008

2009

2010

Source: China, India, USA: International Monetary Fund World Economic Outlook Database, January 28, 2009 Update. UAE figures: Oxford Economics, January 19 2009; 41 McGraw-Hill Construction Confidential. All information presented ÂŠ McGraw-Hill Construction, 2008. All rights reserved.

Dubai Today: The Bubble has Burst  Global

Financial Crisis Has Reached UAE

– Tighter lending standards

– Property values spiraling 30-50%  Construction

Grinding to a Halt

– “Wait and See” – Developers citing significant profit losses – Layoffs due to cancelled or halted projects

– Expats fleeing  Abu

Dhabi & Rest of Region Holding Steady

India Market: Mixed Bag  Declines

in private funding & foreign investment

– Drops in economic growth – Residential, hospitality and retail particularly hard hit – Increase in risk aversion  Indian

Financial Institutions Hold Steady

– Historically conservative lending has kept banks afloat – No major changes until new administration in late 2009  Construction

Opportunities Persist

– Consistent demand for infrastructure projects (power, transport)

– Rebound expected in SEZs, hospitality and education projects

China: Construction Opportunities Persist  Export-Driven

Economy Hit Hard by Global Crisis

– Manufacturing sector declining due to slowed global trade – 4,000 factories closed in 2008, 20 million jobless migrant workers – Falling property prices  Government

Action Expected to Buoy Market

– $586bn stimulus package announced – Interest Rate cuts

– Significant Investment in Infrastructure Projects – Urbanization Leading to growing Consumer class; Retail sales up 21% in 2008 44 McGraw-Hill Construction Confidential. All information presented © McGraw-Hill Construction, 2008. All rights reserved.

Green is a Silver Lining in the Down Economy

Worldwide Market Growth Percentage of Firms Largely Dedicated to Green (on over 60% of projects) from 2008-2013 100% = 2008 = 2013

80%

73% 60%

56%

Doubling

40%

36% 29%

20% 0% Total

Europe

North America

South Australia/New Asia America Zealand

Middle East/North Africa

SubSaharan Africa

In the U.S.: Increasing Market Opportunity 140

Upper Market Size Lower Market Size

120

Market Size $ (billions)

100

Triple 80

Double Triple

Five Fold

Total

Non-Res Residential

2005

Total

Non-Res Residential

Total

2008

Non-Res Residential

2013

Green Wins in Stimulus: Renovation Gets a Boost in Green  Much

of Public Building $$ to Green Renovation Projects – GSA  $4.5 billion – DOD  $4.2 billion – VA  $1 billion

 Tax

breaks for Residential Energy Efficiency expanded & extended

Green Wins in Stimulus: Big Focus on Renewable Energy  Investment

in Renewable Energy & Conservation – "Smart-Grid" activities $11B

– Energy efficiency grants $6.3B – Renewable energy loan guarantees $6B  Incentives:

Manufacture of Green Energy Products

Perceived Advantages of Building Green from AEC firms and Owners

2005

2008



Decreased Operating Costs:

8-9%

13.6%



Increased Building Values:

7.5%

10.9%



Improvement in ROI:

6.6%

9.9%



Increased Occupancy:

3.5%

6.4%



Rent Rise:

3.0%

6.1%



Increased revenue flows:

71%

77%



Increased profits:

59%

61%

Market is Growing Despite Declining New Building Construction = Commercial & Institutional Market

$245 Billion

= Green Market

$29 Billion $182 Billion $208 Billion

$3 Billion 2005

2006

2007

2008

2009

Source: Commercial & Institutional Market Size: McGraw-Hill Construction, as of January 27, 2009. MHC Housing Starts data is similar to the Census Bureau, except that MHC defines single family housing as detached housing only. MHC includes townhomes in its multifamily data. Green Market Size: Commercial & Institutional Green Building: Green Trends Driving Market Change, McGraw-Hill Construction, 2008 51 McGraw-Hill Construction Confidential. All information presented ÂŠ McGraw-Hill Construction, 2008. All rights reserved.

Residential Green: Upward Growth as Total Home Market Falls = Residential Market

= Green Market

$384 Billion

$20 Billion

$133 Billion

$7 Billion

2005

2006

2007

2008

2009

Source: Residential Market Size: McGraw-Hill Construction, as of January 16, 2009. MHC Housing Starts data is similar to the Census Bureau, except that MHC defines single family housing as detached housing only. MHC includes townhomes in its multifamily data. Green Home Market Size: Green Outlook 2009: Trends Driving Change, McGraw-Hill Construction, 2008 52 McGraw-Hill Construction Confidential. All information presented ÂŠ McGraw-Hill Construction, 2008. All rights reserved.

Rapid Growth of LEED in Specs

Labor Force: Increases from Stimulus, especially Green Jobs  Stimulus

Bill Labor Specifics

– $3.95 billion training and employment services – $500 million for job training in energy efficiency (out of above $$)

– $250 million toward creation of Job Corps Centers  Stimulus

Package Funding Creating Opportunities for Green Jobs

– Federal Facilities Retrofit: Energy Efficiency

– Renewable Energy: SmartGrid Investment Green Jobs

Other Industry Trends – Interoperability/BIM – Climate Change – New Materials Trends – Prefabrication & Modularization – PPP – Stimulus Influence on Products/Trades

Interoperability: Eliminating Waste & Increasing Productivity Traditional Information Exchange

Interoperable Exchange Architect

Architect

Civil Engineer

Structural Engineer

Building Owner

HVAC Engineer

Facilities Manager

City Constr. Manager

Civil Engineer

Building Owner

Structural Engineer

Building Information Model (BIM)

Facilities Manager

HVAC Engineer

City Constr. Manager

Making the Case: Shift to Digital Design

Effort

Digital Design shifts the bulk of project work to the Design phase to help coordinate building systems and the project and manage project costs

Traditional Design

Digital Design

Litigation Phase

Design

Design Devel

Const Docs

Time

Construction Source: International Alliance for Interoperability, 2007

Adoption of BIM Increasing Over 2009 Expected % of Total Projects 2009 18%

% of Total Projects 2008 35%

38%

45% 20% 10%

17%

Architects

1-15% 16-30% 31-59% >60%

17%

Engineers

Contractors

Owners

23% 43%

54%

35%

38%

43%

41%

46%

12%

60%+

8% 20%

11% 21% 14%

32%

2009

8% 10%

20%

31-59% 11%

21%

2008

2009

16-30%

35% 45%

36%

12%

2008

15%

10%

22% 12%

16%

41%

33%

12%

2008

2009

2008

2009

1-15%

Measuring BIM ROI: Factors Considered Top

4 most important factors:

– Improved project outcomes – Better communication through 3-D visualization

– Positive impact of winning projects – Higher productivity of personnel

Climate Change Transforming Construction  Increased  Rising

frequency of natural disasters

water level

***************  Increase in tracking carbon footprints – Emergence of carbon credit exchanges (Chicago, Northeast, West) – EPA programs like Climate Leaders

– Tracking and reporting footprint in GreenSource case studies

USGBC’s LEED 2009: Emphasizing credits impacting climate change

New Materials: Smarter, Greener Creating

New Materials through Science: –Nanotechnology –Biomimetics –Radio frequency identification (RFID)

Materials Example: HOK Embraces Biomimcry 

HOK has partnered with the Biomimicry Guild to enhance sustainable design.



Designed “skin cells” for buildings, which absorb sunlight, water and CO2 to produce oxygen and collect water.



New project in India – mimics root structures of indigenous trees and plants to help anchor houses along steep mountain slope.

Prefabrication & Modularization Market demand and activity growing  New

study: Use of prefabricated materials in the UK to surpass $1.4 billion by 2010.

 Moving

beyond the residential market

Examples 

SG Blocks – Code-engineered cargo shipping containers and site-ready modularized blocks – New Applications: “Home in a Box” & Hurricane-resistant temporary structures

– Reuse = Sustainability 

Dubai’s DaVinci Tower – World’s first prefabricated skyscraper – 90% built as modules in a factory

PPP Coming to the Forefront  PPPs

Will Be Different Today: More Government Involvement

 2009

New Transportation Bill Will Be Important for PPPs as SAFETEA-LU Expires

 Proposed

Federal Infrastructure Bank Could Expand PPPs

Tentative Insights from Ongoing MHC Survey of Government Decision-Makers – 40% expect PPP work in next 3 years – A third have high opinion of PPPs – Most important financial aspects: guarantees and default provisions – Congestion has the highest priority in decision to use a PPP – Lack of funding the primary reason to use a PPP – Biggest concern with PPP: unacceptable private profits

 Trends  US

& Global

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

So what Implications to consider

– Project Delivery Methods

Implications 

Assume pending or proposed projects are NOT safe if financed through conventional construction financing – What’s the “real” health of our opportunity pipeline?



Stay close to existing clients & keep an eye on fiscal health of key trade and supply partners – How can we serve our existing client-base better?

– How can we help our clients better connect with their key partners?



Expect “Green” to become de facto market expectation, particularly for public works, institutional and office – Green construction and digital design & construction are interconnected trends – Does our technology aid in sustainable design and construction and visa versa? Does our brand / market position communicate this?

Implications 

Infrastructure, Education, Healthcare, Alternative Energy & Transmission are all good bets over the long term… – Do we have access to the firms involved? – Does our technology address their specific needs?



Alternative delivery ie: IPD becomes increasingly attractive as owners look for greater efficiencies and risk sharing – BIM is one of many critical enablers in emergence of IPD/other project management efficiencies. How do we support these emerging delivery methods?

– Can we quantify our technology’s impact on waste elimination, greater productivity, greater transparency?

Implications 

Alternative financing like PPP has renewed appeal as state /local govt’s balance infrastructure needs and budget shortfalls – Do we play a role in facilitating, adding transparency to public private partnered projects?



It’s a great time to recruit future users – Are we educating today, tomorrow’s digital construction influencers / users?



Use of prefabrication and modularization will accelerate – Owner expectations driving job productivity improvements, reduced waste and better cost management – Companies in favorable cash position are investing in innovation to secure profitable competitive advantage – How does our technology enhance / accelerate this emerging productivity trend?

 Trends  US

& Global

– Sustainability/Green Building

– Interoperability and BIM – Workforce/Labor

– Innovation – Materials

Resources educate your team / grow your business

– Project Delivery Methods

Insight considerations… Resources to educate your team and customers

• Free access to breaking news on ENR.com • 140,000 unique visitors • 1.2MM page views 70 McGraw-Hill Construction Confidential. All information presented © McGraw-Hill Construction, 2008. All rights reserved.

Insight considerations… Resources to educate your team and customers

Free access to news & analysis http://construction.com

http://construction.com/stimulus/

Insight considerations… Resources to educate your team and customers 

Market Dynamics E-Newsletter



Free access to latest analysis and forecasts from MHC Analytics group



Distributed monthly to 20,000 industry professionals

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Sign-up available at construction.com under Market Research tab (http://www.construction.com/ market_research/)

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Business development considerations… McGraw-Hill Construction Network Making it work for you… Finding Stimulus Construction 

Easy access to stimulus projects via key word search

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Stimulus opportunity attributes… – “Shovel Ready” – projects in consideration for ARRA financial support

– “ARRA Stimulus” – projects verified to receive ARRA funding

Business development considerations… McGraw-Hill Construction Network Present Opportunities on Stimulus Construction 

Shovel Ready – Proposed

– 11,094 projects

– $94.3B 

ARRA Stimulus – Funded!!

– 949 projects – 626 Hwy

– 53 Transit – 21 Utilities

– $5.3B 

Growing daily!!

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