Related Links: Information on House milcon/VA spending bill Summary of Senate milcon/VA spending bill It's becoming clearer that the Dept. of Defense construction budget faces deep cuts for 2015. The Senate Appropriations Committee on May 22 approved a measure that slashes DOD construction 33%, to $6.6 billion.That total is roughly the same amount the House approved for DOD in the military construction-veterans affairs bill that it passed on April 30. It also equals President Obama's request.The Senate panel's bill provides $4.3 billion to fund military mission-critical construction projects worldwide, $2.9 billion below 2014 levels. It allocates $1.19 billion for family
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.