When results are in from the Nov. 2 elections, they are widely predicted to show Republican gains in the House and Senate. Election analysts project that the GOP will win a majority in the House and also pick up Senate seats but not enough to wrest the majority from Democrats. What already was shaping up as a difficult year for the struggling construction industry promises to be even more difficult, as the likelihood of passing strong infrastructure spending measures would be even more remote. Those bills include the delayed reauthorization of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: a
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.