Construction should see some benefits from a small-business aid package that appears to be on its way to enactment soon. The bill has $12 billion in tax breaks and would create a $30-billion federal fund to increase bank lending to small companies, including developers and contractors. But industry officials say the bill by itself will not pull construction out of its slump. The bill cleared a big hurdle on Sept. 16, when the Senate passed it. The House was slated to take up the measure about a week later. If the House approves the bill, President Obama is expected to
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.