The Senate was expected at press time to try again to vote on a revised package of tax-break extensions for companies and individuals. A June 17 attempt to bring the “extenders” bill up for a vote failed. The House passed its tax measure in May. The Senate bill, scaled back from an earlier version, has items that construction groups like, including an extension for the Build America Bonds program. But the bill also would hike taxes on firms organized as “S” corporations, though not as much as the earlier version would have. Groups such as the Associated Builders and Contractors
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.