Related Links: OMB Proposes BRAC-like Board for Buildings BRAC: Total Cost 48% Higher Than Initial Estimate Plans to trim the federal real estate inventory have advanced, with House passage of a bill to set up a panel to recommend properties to be designated as surplus. Construction industry officials say such a plan would provide opportunities to upgrade federal buildings or spark private developments on former federal sites. But the House measure faces an uncertain future in the Senate, where a similar bill has been introduced but has yet to move.The House bill, which the chamber approved Feb. 7 by a
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.