Related Links: Fiscal Year 2013 Looks Rough for Construction Spending (ENR 6/4/12) Federal Construction Funding Is Growing Tighter (ENR 3/26/12) With fiscal year 2013 appropriations bills on a slow pace in Congress, few, if any, of the 12 measures that fund various federal agencies are expected to be enacted by Oct. 1, when the new fiscal year begins. That means Congress will turn again to a continuing resolution (CR). "Otherwise, the government shuts down," says Jeffrey Shoaf, Associated General Contractors senior executive director for government affairs. "No one wants that four weeks before the election." That CR could extend past
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.