First it was President Obama, the bearer of economic stimulus gifts. Now it’s Obama the budget-cutter. Related Links: Proposed Cuts As part of his budget request for the next fiscal year, the President has proposed terminating or trimming back 121 federal programs, which officials say would save an estimated $16.7 billion in 2010. By ENR's estimate, $1.5 billion of the terminations and reductions, outlined by administration officials on May 6, are in construction programs at agencies such as the Army Corps of Engineers, Environmental Protection Agency and the Energy and Transportation departments. The administration also is proposing to reduce the
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.