The frustration given voice in the midterm elections also played out in how bond referenda and other initiatives fared. Other election news: Organizing Bill Faces Longer Odds of Passage Environmentalists Say Goodbye, Prepare to Work with New Congress Voters rejected some big-ticket state and local finance measures while others passed with smaller margins than in better times. Also enacted were new restrictions that could complicate public-works procurement. One key loss was a road construction funding measure in Alabama. Strong lobbying from construction groups was not enough to save a proposed constitutional amendment that would have earmarked $1 billion over a
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.