Congress recently passed legislation investing hundreds of billions of taxpayer dollars in rebuilding America’s infrastructure, clean energy and manufacturing facilities to help keep America’s economy competitive. While that’s good news for America’s construction industry, this bonanza of government spending could not happen at a worse time for taxpayers and lawmakers seeking to maximize its return on infrastructure investment. The construction industry faces supply chain disruptions, staggering materials cost inflation that is almost 40 percent more than before the start of the COVID pandemic, declining investment in structures in many market segments and a skilled labor shortag
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