Even with Congress’ proposed economic stimulus package, which could drive tens of billions of dollars to construction equipment sales and extend tax benefits, financial help provided by the government will come too late to boost this year’s economy, industry observers say. For that reason, capital-goods suppliers are already prepared to write off 2009 as a dismal year and are looking ahead to 2010. Photo: Joe Florkowski / ENR Turnout at annual equipment dealers’ show was down 20% to 25% over last year. Related Links: Proposal in House Fires Up Debate Does Massive Spending Help or Hurt in Long Run? Modest
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.