Unable to finish some major bills before Sept. 30 deadlines, Congress is turning to stopgap measures to keep important federal construction programs running until lawmakers can strike deals on more permanent legislation or approve still further extensions. The programs include highway, transit and airports. Much of the construction industry’s focus is on highways and transit, whose authorization, the Safe, Accountable, Flexible, Efficient Transportation Equity Act: a Legacy for Users, is one of the bills lapsing on Sept. 30. The House passed a three-month extension on Sept. 23. In the Senate, Environment and Public Works Chairwoman Barbara Boxer (D-Calif.) and the
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.