Last week was no April fools. In the first 5 days of the month, 368 contracts were awarded in 47 states for a total of $414,815,821.60 – all under ONE construction NAICS classification 236220.

That is one amazing week.

It was lead by the release of Recovery Act Stimulus funds – but that isn’t the whole story…

Breakdown: 

• $107M went to Tocci/Driscoll Joint Venture with design services provided by Klingstubbins. The project is the Peter W. Rodino Federal Building in Newark, NJ and was a GSA executed contract spending Recovery Act dollars. That same GSA contracting officer is responsible for 318 construction contracts since he started in 2004.
• $55 M went to Grundley Construction out of Maryland for 12 different contracts ranging from $196k to $37M.
• 320 were less than $1M, 236 were less than $100k and eligible for Small Business Set Aside.
• 208 of these contracts never hit the street for public bidding opportunity.

More Recovery Act projects are scheduled to be released over the next two years in every region – on top of all the construction projects in the planning stages through 2015. There couldn’t be a better time to get in and expand your presence.

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