Contractors are not pinning their hopes on the Obama administration’s stimulus efforts to completely pull them from an economic riptide that threatens not only profitability, but solvency. But they do see the $787-billion stimulus package’s $130 billion of construction spending as a life preserver that will allow them to at least tread water over the next year or two. Photo: John J. Kosowatz / ENR Shear outlined NAVFAC efforts. “It is absolutely necessary for our industry...but this is not an infrastructure panacea,” said Stephen Sandherr, chief executive of the Associated General Contractors of America, to hundreds of attendees at AGC’s
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.