Some construction leaders may be disappointed because they did not get everything they wished for in the massive $787-billion economic-stimulus legislation signed into law by President Barack Obama on Feb. 17, but they should be looking at a glass half full instead of one half empty. The law contains $130 billion of funding for construction of all types, which represents a serious increase over normal appropriations. Related Links: Unwrapping the Big Package In some markets, this would be like receiving a compensation bonus equivalent to five times one’s normal salary. For those industry firms already teetering on the brink of
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.