Another short-term spending bill has advanced in Congress. The House on March 15 passed a measure to fund federal agencies through April 8, with $6 billion in spending cuts. The vote was 271-158. The cuts include all $894 million slated for the General Services Administration construction account. Senate approval of the measure is needed by March 18, when the current stopgap expires. Among the House bill’s $6 billion in cuts is $2.6 billion in earmarks, including the GSA construction money. The measure also trims GSA’s repairs and alterations account by $130 million but still leaves it with $284 million. Congress
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.