A Senate jobs bill, which includes provisions designed to help small businesses, suffered a setback on July 29 when Majority Leader Harry Reid (D-Nev.) was unable to assemble enough votes to block a filibuster. Senate Republicans opposed the measure, saying they wanted more time to offer amendments. It is unclear whether Reid will be able to bring the small-business bill back to the Senate floor before the August recess. Construction and other business groups support the measure, which would make it easier for small businesses to obtain credit by creating a $30-billion fund to support lending by community banks. It
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.