The Infrastructure Act is not good news for construction companies.

By Gary Strong and Madison Calkins (February 7, 2022, 6:04 PM EST) – On November 15, 2021, President Joe Biden signed into law the Infrastructure Investment and Jobs Act, or IIJA. The IIJA includes a $1.2 trillion infrastructure spending package. Of this package, $550 billion will be allocated to infrastructure projects across the United States over the next five years.[1]

Biden refers to the IIJA as “a first-of-its-kind bipartisan bill that will create millions of jobs, turn the climate crisis into an opportunity, and put us on a path to winning the economic competition of the 21st century.”[2]

The IIJA’s goal is to “rebuild America’s roads, bridges and railroads, expand access to clean services…

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