Now that the federal stimulus investment from the American Recovery and Reinvestment Act (ARRA) is well under way, it is time to begin sharply scrutinizing the return on the investment in terms of jobs created. That may be more difficult than it sounds because of the multifaceted approach under the law. It combines infrastructure investment and other direct federal spending with individual income-tax cuts, a two-year patch to the alternative minimum tax, investment incentives, aid to people directly hurt by the recession and state fiscal relief. A May 11 report by President Obama’s Council of Economic Advisers sheds little light
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.