In an unusual show of bipartisanship, House lawmakers have unanimously approved legislation that would repeal the requirement that federal, state and local agencies withhold 3% of their payments to contractors beginning in 2013. The bill, which cleared the House 422-0, also includes a provision that would make it easier for businesses to hire veterans. The President has said he will sign the measure, which the Senate had passed on Nov. 10 by a 95-0 vote. The bill’s approval is a victory for construction, engineering and other business groups, who had lobbied heavily for it. Some of the organizations that were
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.