The current global economic recession is not being caused or perpetuated by mere talk about it, but rather certain underlying financial conditions and practices that have erased trillions of dollars of wealth, many businesses and millions of jobs. In the last few weeks, the Obama administration seems to have gone from proclaiming that America “is in the midst of a crisis” to promoting a message supporting “the soundness of investments in the U.S.,” indicating that the worst of the recession may be over by the end of 2009. The spin doctors clearly are at work, and others have adopted the
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.