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How a New Presidency Could Influence Infrastructure Spending

Pencil Posted by PROPRICER Team

If there's one thing that both presidential party candidates Hillary Clinton and Donald Trump can agree on, it's that the U.S. needs to increase its spending on infrastructure. Both nominees so far have included expansive spending plans as part of their campaign platforms designed to improve American infrastructure and bolster the economy at the same time.

Clinton has proposed a $275 billion infrastructure budget to be spent over five years. That funding would include the creation of a national infrastructure bank as well as improvements to roads, bridges, ports, energy systems, and even broadband access.

For his part, Trump has pledged to spend at least twice as much as Clinton on similar infrastructure initiatives if he were elected to the presidency.

No matter the outcome this November, it's clear that more infrastructure spending is on the agenda. The New York Times even cites "a cautious optimism that some sort of big public works push is coming, regardless of who is elected."

With just over two months until a new President is sworn in to the Oval Office, preparing federal contracting proposals quickly may be crucial to successfully bidding on the new wave of government contract opportunities. The very large amounts of proposed spending could mean individual projects valued in the tens of millions of dollars, or more. For large contract proposals, the costs of simply preparing and submitting a complex proposal for a significant system design could comprise 1% to 2% of the contract's value.

Proposal management software can help streamline the federal proposal writing process. While the designs and plans themselves may take significant time and energy to create, inputting that data into a proposal management software system tailored to government contracting in particular ensures that no time is lost and no details are overlooked in the proposal creation.

Economists agree that increasing infrastructure spending now could spell greater financial rewards down the road, no matter how much we might have to borrow or buy in the short term. Not only would infrastructure initiatives help stimulate the job economy, but better roads, bridges, transport, and Internet access will improve the quality of American life and the efficiency of American workers all over the country.

Topics: government spending

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