The House has taken another stab at steering federal funds to school construction. The chamber on Sept. 17 approved a measure that would authorize more than $6.5 billion for public-school and community-college projects. The provision is part of a bill that would expand the federal college-loan program and curtail private lending in that sector. The focus now moves to the Senate, where the fate of the construction proposal is uncertain. The measure would authorize $2.02 billion annually for fiscal 2010 and 2011 to modernize, renovate or repair K-12 public schools. Another $2.5 billion would be available for new construction or
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.