The White House will have to keep searching for a deputy secretary for the Dept. of Transportation. Jane Garvey, the Federal Aviation Administration chief and acting head of the Federal Highway Administration during the Clinton presidency, was seen as the top choice for the No. 2 DOT post. But Garvey has declined the appointment, says a spokesperson at JPMorgan, which Garvey joined last year.
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.