As legislation revamping federal financial regulation goes on the books, attention will turn to the Federal Reserve, Treasury Dept. and other agencies that will draft rules fleshing out how the mammoth measure will be implemented. Construction will watch whether banks react to the bill’s increased regulation and higher fees by tightening up on credit. Photo: Office Of Sen. Christopher J. Dodd Dodd, the measure’s primary Senate architect, says, “The arguments about the shrinking of credit availabilty are hyperbole.” Lenders’ responses may vary. The legislation sets tougher restrictions on big money-center banks than it does on smaller, community banks, which are
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.