The House has approved a $59-billion spending measure that includes $32.8 billion to continue the war in Afghanistan, and $2.8 billion for assistance in Haiti, where a Jan. 12 earthquake killed 230,000 people and caused an estimated $11.5 billion in damages. The July 27 House vote is the final congressional action on the package. It next goes to President Obama for his expected signature. The defense portion of the bill includes $649 million for military construction in Afghanistan. The Haiti funding includes $438 million for infrastructure.
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.