As organized labor heads into a potentially dismal negotiation season this year, unions received a big boost in February when President Barack Obama made good on his campaign promise to reverse the ban on project labor agreements for federally funded projects. As billions of dollars in federal work begins to filter out through the stimulus package, federal contracting agencies could opt to use project labor agreements on its major construction projects. Photo: AP/Wideworld Related Links: Inflation Reverses Course As Recession Floors Prices Renegotiations Make Bad Times Worse Finding Cost Data on the Internet What Drives ENR’s Cost Indexes How To
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.