As the fallout from the disastrous oil spill in the Gulf of Mexico continues, the Obama administration is making policy and organizational changes, and lawmakers in Congress are trying to move legislation to address the spill and prevent future accidents from occurring. But some question how effective the administrative actions will be, and legislative proposals have been stalled by congressional opponents. The administration’s actions so far include ordering inspections on all deepwater operations in the Gulf of Mexico, placing a moratorium on new permits for drilling wells until a 30-day safety and environmental review is conducted and restructuring the Interior
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.