President Obama signed legislation on Oct. 1 that provides a one-month extension for the federal highway and transit programs as well as the appropriations for nearly all federal agencies. Obama also signed a separate bill that extends Federal Aviation Administration programs, including airport construction grants, for three months. The larger of the two measures is a continuing resolution (CR), which contains funds to keep federal agencies operating through Oct. 31, as well as a one-month extension of the current surface-transportation authorization statute, the 2005 Safe, Accountable, Flexible, Efficient Transportation Equity Act; a Legacy for Users. The CR was needed because
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.