Construction and engineering companies—and workers on jobsites or in offices—would benefit from the “framework” of an agreement between President Obama and congressional Republicans on a package of new tax breaks and two-year extensions of current rates and other incentives. The framework deal, which Obama announced on Dec. 6, next goes to Congress. Key Democrats there appear not to be on board yet. Leading Republicans’ initial reactions were positive. Lawmakers must take action by Dec. 31, when many of the tax provisions at issue are slated to lapse. Construction and engineering industry officials like the framework in general and expect its
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.