Dive Brief:

• Reed Construction Data, which compiles and sells information about what is going on in the industry, says it is bringing out a new product that it believes will benefit contractors who do highway and bridge work.
• The company is gathering information about all state DOT projects valued at more than $100,000 in all 50 states, which currently includes about 9,000 items.
• Reed says the data will enable companies to see as far as a year out what states are planning.

Dive Insight:

Reed says its new offering will let contractors see which states are going to be spending so the companies can focus on those. The logic seems sound, given that public sector spending, including highways, has been dwindling every year, leaving companies to compete for a decreasing business resource.