Related Links: Letter from industry groups supporting bill OMB Proposes BRAC-like Board for Buildings CBO Raises Questions About Plan to Shed Excess Federal Real Estate The House of Representatives has approved legislation that aims to reduce the inventory of excess federal properties while redeveloping valuable assets. The House cleared the bill, the Civilian Property Realignment Act, on Feb. 7 by a 259-164 vote. If enacted, the legislation would provide opportunities for the redevelopment of federal buildings. The measure, introduced by Rep. Jeff Denham (R-Calif.), now heads to the Senate. A similar bill has been introduced in the Senate but it
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.