PHOTO COURTESY OF Associated General Contractors CEO Stephen Sandherr, Transportation Secretary Ray Lahood, who was active in the negotations, and FAA Administrator Randy Babbit (from left) held a media event at LaGuardia Airport. PHOTO Courtesy OF Swinerton Builders A control-tower project at Palm Springs, Calif., International Airport, idled by a congressional stalemate, is set to resume. Passage of a stopgap Federal Aviation Administration extension bill through Sept. 16 has ended a congressional stalemate—at least temporarily—that had forced the agency to issue stop-work orders on more than 200 airport modernization contracts, including construction and engineering projects, estimated at more than $10.5
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.