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Government Contracts Go to Small Percentage of Contractors

Reno, Nev. (June 24, 2009) - The federal government has earmarked upwards of $130 billion for construction projects this year ~ more than has been spent on domestic construction at any time in our nation’s history. However, not every construction company is going to participate “equally” in Stimulus work. In Fiscal Year 2008:

  •  The federal government awarded $43.8 billion to 6,840 companies for the purpose of “Construction of Structures and Facilities”
    • Two-thirds of that $43.8 Billion went to 68 (or 1%) of the participating companies
    • The other one-third (still a large sum) was split among the other 6,772 (or 99%) of participating companies.
  • Zero went to the tens of thousands of construction companies who were not federal contractors: either they were not interested in the business or they believed they did not have the capability to win and perform it.

While it’s impossible to predict what the next few months hold, it’s clear there are plenty of opportunities out there ~ if contractors know how to approach them and they have the manpower to complete them. That’s where CLP Resources, Inc. comes in. CLP is leading the construction industry with market-by-market stimulus project tracking and know how these projects can affect clients’ bottom lines. CLP staff members are meeting with contractors throughout the country, to explore the impact their companies might expect from the Stimulus Package.

CLP Resources, Inc. is the nation’s leading supplier of reliable skilled tradespeople to commercial, industrial and residential building contractors. Headquartered in Reno, CLP is a wholly-owned subsidiary of TrueBlue, Inc. (NYSE: TBI). To learn more about CLP or to schedule a Stimulus Discovery Session, visit www.clp.com or call 800-CALL-CLP.

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