Highways, transit and passenger rail are the big winners among construction programs in President Obama’s $3.7-trillion fiscal 2012 budget request, which calls for sharp increases in those sectors next year, kicking off a proposed $556-billion, six-year surface transportation bill. But many other major construction accounts would suffer cuts under Obama’s plan to help meet his goal of freezing overall non-security-related discretionary funding. Among programs that would be trimmed are Environmental Protection Agency water infrastructure, Army Corps of Engineers civil-works construction and General Services Administration new buildings construction. The Associated General Contractors calculates that the Obama budget seeks a total 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.