Photo courtesy of Construction Financial Management Association Economist Anirban Basu told the Construction Financial Management Association that Europe's financial turmoil will likely hamper the U.S. economy into 2013. Related Links: Deal Reached on Long-Term Transportation Bill Survived the Recession? Beware Recovery Risks Economic headwinds resulting from the ongoing financial crisis in Europe will remain one of the major factors buffeting the U.S. construction economy through the rest of the year and into 2013, economist Anirban Basu told an annual gathering of the Construction Financial Management Association in Orlando in late June.The industry economist admitted that his projection that Europe's economy
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.