When Congress returns from its Memorial Day break, House and Senate negotiators will begin to reconcile bills to provide tens of billions of dollars for the Iraq and Afghanistan wars. Much of the public focus is on provisions dealing with prisoners at Guantanamo Bay, Cuba. But each measure also includes about $4 billion for construction, though the funding mix differs. The $96.9-billion House bill, passed 368-60 on May 14, would provide $3.2 billion for Dept. of Defense construction, including about $1.1 billion for hospitals. Appropriators didn’t specify which hospital projects should be funded but directed DOD to submit a spending
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.