By one estimate, the federal government and the Federal Reserve have lent, spent or committed $12.8 trillion to combat the current recession—and the end is not yet in sight. These commitments include attempted bailouts of troubled financial firms, funds for automakers, loan guarantees, economic-stimulus funding for projects, tax breaks and purchases of toxic mortgages. Taken in its totality, this golden eruption dwarfs any federal spending plan ever undertaken. Related Links: Dollars Roll Out At Uneven Pace Therein lies the problem. With a potential prize roughly equal to the gross domestic product of the U.S. in 2008, every hustler on 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.