Democrats aren’t calling it a new economic-stimulus bill, but momentum is growing in Washington for a new measure aimed at producing more jobs, which would give the economy a lift. Proposals being floated include a new round of federal funding for highways and other infrastructure, probably in the tens of billions of dollars. If the public-works spending becomes a reality, it would provide welcome relief for the construction industry, whose unemployment rate remains the worst among major U.S. business sectors. Photo: AP Wideworld Obama. outlines a jobs-creation bill that could include more public-works funding. + Image Source: U.S. Dept. of
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.