With no prospect of quick action on a multi-year Federal Aviation Administration bill, the House has approved another in a series of extensions for FAA programs, including the agency's Airport Improvement Program construction grants. The measure, which extends funding authority and aviation user fees through Sept. 30, was approved on March 18 by voice vote. The next step is action by the Senate. Enactment of the extension is needed by March 31, when the current FAA extension lapses.
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.