A new, one-month extension for Federal Aviation Administration programs, including the agency's airport construction grants, has been signed into law. President Obama signed the measure into law on July 2, one day before the previous stopgap was to expire. Final congressional approval came on June 30, when the Senate passed the measure. The House had cleared it one day earlier. The new stopgap is the 14th extension since September 2007, when the last multi-year FAA bill was enacted. The House and Senate have passed new multi-year FAA bills and lawmakers from the two chambers have been meeting to reconcile differences
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.