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The United States boasts the largest infrastructure and construction market in the world, valued at USD 2.1 trillion in 2022 and projected to reach USD 2.6 trillion by 2027. This dynamic sector is driven by factors such as government investment, population growth, and a focus on economic modernization. Key infrastructure projects include the renovation of America's aging transportation system, the expansion of renewable energy infrastructure, and the development of smart cities.
The US government plays a pivotal role in driving infrastructure development through its procurement processes. In 2022, the federal government awarded USD 588.4 billion worth of infrastructure and construction contracts, reflecting its commitment to enhancing the nation's infrastructure. Procurement procedures are governed by the Federal Acquisition Regulation (FAR), ensuring transparency and accountability.
The US government procures a wide range of infrastructure and construction products and services to support its ambitious development plans. These include:
Transportation infrastructure: Roads, highways, bridges, railways, airports, and ports
Energy infrastructure: Power plants, transmission and distribution networks, and renewable energy projects
Water and sanitation infrastructure: Water treatment plants, desalination facilities, and sewage treatment systems
Public buildings: Schools, hospitals, government offices, and cultural centers
Residential and commercial buildings: Housing projects, shopping malls, hotels, and office towers
Several government agencies oversee infrastructure and construction procurement in the US. These include:
Federal Highway Administration (FHWA): The FHWA is responsible for administering the federal-aid highway program and overseeing the construction and maintenance of the National Highway System.
Federal Transit Administration (FTA): The FTA is responsible for providing financial and technical assistance to public transportation systems across the country.
Environmental Protection Agency (EPA): The EPA provides grants and loans for the construction and improvement of wastewater treatment plants and other water infrastructure projects.
Department of Defense (DoD): The DoD procures a wide range of infrastructure and construction services to support its military installations.
Army Corps of Engineers (ACE): The ACE is responsible for planning, designing, constructing, operating, and maintaining the nation's waterways, harbors, and coastal defenses.
Major domestic and international construction companies have secured significant infrastructure and construction projects in the US. These include:
AECOM
Jacobs Engineering Group
Fluor Corporation
McCarthy Building Companies
Turner Construction Company
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