The potential for new business in military and federal construction lured a record number of industry executives to the Society of American Military Engineers' annual agency briefing in Crystal City, Va., on March 23. However, congressional budgetary wrangling and changing military contracting trends did not leave all attendees gleeful. Photo: Courtesy of The Society Of American Military Engineers A record crowd of attendees flocked this year to the annual briefing on projected military construction spending in Virginia, but stalled agency budgets are holding up contract awards. Photo: Courtesy of The Society Of American Military Engineers Naval Facilities Engineering Command Chief
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.