A new federal scorecard says the American Recovery and Reinvestment Act has preserved or created 640,329 jobs so far, including more than 80,000 in construction. An Oct. 30 report from the Recovery Accountability and Transparency Board says those jobs were generated by $160 billion of the ARRA funds and tax breaks made available through Sept. 30. An additional $179 billion in ARRA aid isn’t covered by the board’s report. The White House says when that additional amount is factored in, the jobs impact rises to more than one million. House GOP Leader John Boehner (Ohio) continues to contend that ARRA
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.