Written By: Jim Plasynski, Chief Revenue Officer, KorTerra
Over the past several months, we’ve learned more about the bipartisan Infrastructure Bill that passed on November 15, 2021. Now that the Bill has passed, it is important to gain a better understanding of the specifics of the bill and what impacts the associated funding is likely to have on the country and our communities. There are many angles by which people may be assessing the impact of the Bill. This article is focused on what we know about the Bill, and we will be looking specifically at how the Bill is likely to impact those of us in the damage prevention community.
According to whitehouse.gov, the $1.2 trillion bill that passed in late July “includes around $550 billion in new federal investments in America’s roads and bridges, water infrastructure, resilience, internet, and more”. Many of the dollars that are a part of the bill are a reauthorization of previous funding levels that had been agreed upon, but the new portion of funding ($550 billion) represents one of the largest investments into our country’s infrastructure in US history. Below are some of the highlights that speak to this:
Whether you follow the political spectrum or not, the passage of the Infrastructure Bill will likely begin impacting you as a damage prevention professional soon. To make access to the funding as efficient as possible, Congress has chosen to leverage traditional grant program channels that already exist. Based on my attendance at a recent ”Infrastructure Investment & Jobs Act Workshop”, organized by the Minnesota Department of Transportation, I can share that those that are eligible for funds are already mobilizing to secure the funds for projects in their communities. Based on this, you can expect to see the initial funding for these projects beginning to be secured over the next several months. Digging related to some of these projects will likely begin during the 2nd half of 2022.
Over the past several months, myself and members of our KorTerra team have been meeting with members of the US Senate and Congress to share some insights related to the damage prevention view of the Bill. The 811 system is already being stretched due to labor shortages that directly impact the abilities of facility owners and contract locators to hire field locators to perform the locate work that is so critical to damage prevention.
As monies attached to the Infrastructure Bill begin to hit the 811 system in the form of accelerated fiber projects, increased major road rebuilding projects, new rail line construction, or underground water infrastructure reconstruction (as examples), the system in total will begin seeing a significant increase in volume. With more shovels and excavators going in the ground everywhere, an already stretched system will be stressed even further.
In an environment where damage prevention professionals are already facing challenges, the prospect of more work being added creates an urgency for teams to optimize their damage prevention organizations to set themselves up to be successful as the monies attached to Infrastructure Bill hit the system over the next five years. Below are some initial Infrastructure Bill readiness items to consider to maximize your success in the months and years ahead. Ask yourself the following questions to assess your readiness.
The Infrastructure Bill is large and the dollars associated will begin to be mobilized in 2022. For those of us in the damage prevention space, this presents a great challenge and opportunity. Now is the time to think about the things you can be doing to ready your organization for its impact. If you haven’t already, begin talking with your leadership about the top gaps in the three categories of People, Processes, and Technology as a great way to center the conversation and prioritize the needs of your program.
Follow KorTerra’s Infrastructure Bill Education Series as we track updates and continue to dig into the impacts the Bill will have on the damage prevention industry.
KorTerra is the leading provider of damage prevention software, protecting billions of dollars in underground infrastructure. For over 30 years, the leading stakeholders in gas distribution, pipeline operation, telecommunications, electric distribution, contract locating, and city, county, and state governments have trusted KorTerra as their damage prevention solution. KorTerra helps mitigate risk and ensure the safety of field personnel by providing secure software platforms for processing 811 locate tickets, tracking and reporting asset damages, meeting regulatory compliance, and more. Explore additional solutions at korterra.com and follow KorTerra on LinkedIn.
Paige Nygaard – KorTerra, Inc.