Market Outlook AGC Sees 2012 Funds Up for Education, Down for Highway Construction contractors see a mixed picture for 2012, says a Jan. 23 Associated General Contractors survey of 1,300 members. About 34% of respondents foresee more demand for higher-education-related construction, but 40% say highway funding will fall and 38% say the dollar volume of public-buildings work will decline. Even so, 32% of firms say they plan to add jobs in 2012, and only 9% foresee layoffs. Last year, 37% said they cut payroll. AGC says the number of new positions "are likely to be modest at best." Most firms
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.