An apparent agreement between House and Senate conferees on a rewrite of federal financial regulations itself underwent an emergency revision on June 29 as the lead Senate negotiator, Christopher Dodd (D-Conn.), won approval for an amendment he hopes will get the bill through the chamber. Construction officials theorized that if the measure becomes law, its new regulatory mandates and costs could prompt banks to make already-tight credit even more dear. Photo By Ap/wideworld Frank (left), Dodd led House and Senate conferees on bill, including late amendment. Dodd saw that objections to a $19-billion “assessment” on banks and hedge funds was
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.