With President Obama’s May 7 release of his detailed budget proposal for the coming fiscal year, the tussle over 2010 federal funding will intensify. Taking a tougher line on spending, Obama highlighted a plan to terminate or trim 121 programs, aiming to save $16.7 billion. Cuts would include about $1.5 billion from construction accounts. The Democratic Congress is likely to defer to Obama’s first budget request, but only to a degree. Lawmakers are not expected to rubber-stamp every line. Photo: AP/Wideworld OMB Director Orszag and Obama spell out cuts in some federal programs. Jeffrey D. Shoaf, Associated General Contractors’ senior
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.