With talks stalled on a multiyear Federal Aviation Administration bill, the Senate and House have approved another stopgap authorization. After the bill cleared Congress, President Obama signed it on May 31. The new bill extends Airport Improvement Program construction grants and other FAA programs through June 30. It is the 19th FAA stopgap since September 2007, when the last long-term aviation bill expired.
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.