This story was updated Sept. 15. The earlier version had an incorrect figure for the total allocated to infrastructure spending. President Obama's $447-billion job-creation package would offer a significant lift to the struggling construction industry, including $105 billion in infrastructure spending plus new or extended tax incentives aimed at small businesses. The tax breaks could find receptive ears in Congress, but the funding for transportation, school upgrades and housing faces a steep, uphill trek.In outlining his proposed “American Jobs Act” on Sept. 8, Obama urged lawmakers to pass it “right away.” Immediate action isn't likely, however. House Republicans, who have
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.