Following a new Government Accountability Office report, lawmakers from both parties are criticizing Obama administration claims that the American Recovery and Reinvestment Act has created or saved about 640,000 jobs. GAO’s study, released on Nov. 19, highlights inaccuracies in data submitted to federal agencies by recipients of ARRA funds. ARRA requires nonfederal recipients of stimulus aid to submit information about projects funded by the stimulus law, including the number of jobs created or preserved. GAO’s report cites examples of inaccurate data from funding recipients that call into question the accuracy of the administration’s estimates. A total of 3,978 reports showed
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.