Funding for infrastructure projects is undergoing a significant shift with the recent passage of the One Big Beautiful Bill Act (OBBBA), which introduces both new opportunities and challenges for organizations involved in federally funded infrastructure and community development initiatives.
Unlike prior legislation such as the Infrastructure Investment and Jobs Act (IIJA) or the Inflation Reduction Act, the OBBBA recalibrates funding priorities by:
These changes require organizations to reassess project plans and compliance strategies to effectively navigate the evolving federal funding landscape. While federal funding aims to bolster national infrastructure and innovation, it also brings a complex layer of regulatory compliance and construction management challenges.
Leverage federal funds while maintaining compliance with regulatory requirements by exploring how to effectively manage these dual aspects with the following insights.
The recent legislation changes present organizations leveraging federal funding with a significant challenge: navigate an increasingly complex compliance landscape while managing the logistical challenges of large-scale construction and development projects.
Implementing strategic tactics to integrating construction management with federal compliance regulations can help create a strong operational framework that supports project success and future funding opportunities.
Engaging with grant compliance and construction experts early in the project can help align the project’s scope and controls with federal compliance requirements, ensuring a smoother execution phase.
Comprehensive risk assessments should include a detailed analysis of compliance risks and construction challenges, setting the stage for effective monitoring and risk mitigation strategies.
Implementing robust project management tools and controls that integrate compliance tracking with construction milestones can help maintain oversight across all project facets.
Centralized documentation systems not only facilitate easier access during audits and upon project closeout, but also enhance the efficiency of reporting and compliance monitoring.
Conducting regular training sessions for key team members on the construction management policies, controls, and compliance requirements confirms that all project participants are well-informed and equipped to handle their responsibilities.
Establishing clear communication protocols between the construction management team and compliance officers can prevent discrepancies and foster a collaborative project environment.
Performing a gap analysis identifies key control gaps in an organization’s existing structures, comparing existing policies and processes against the requirements of the funding source.
This analysis covers critical areas such as:
Based on the identified gaps, recommendations can be developed, including an implementation plan aimed at addressing the most significant or pervasive concerns first, ensuring compliance and operational effectiveness.
To learn more about how recent legislation is impacting federally funded construction projects and how to develop an effective compliance landscape, contact your firm professional.
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