The House passed on Sept. 23 and the Senate approved on the following day a stopgap funding measure that would continue for three more months airport construction grants and other Federal Aviation Administration programs. The extension— the 16th short-term FAA authorization since Sept. 30, 2007, when the last multiyear aviation bill was enacted—is expected to be signed by President Obama. thanks to an extension President Obama was expected to sign. The new stopgap would run through Dec. 31.
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.