The Obama administration unveiled a long-term restoration plan on Sept. 28 that calls for a dedicated fund to be set up to pay for long-term recovery and restoration of the Gulf Coast. The restoration plan was written by Navy Secretary Ray Mabus at the request of President Obama. Chief among its recommendations is a call for Congress to dedicate a significant amount of any civil penalties obtained from responsible parties for the Deepwater Horizon oil spill into a Gulf Coast Recovery Fund to go toward the long-term cleanup and restoration of the Gulf. The plan also recommends that Congress authorize
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.