On Oct. 29, the U.S. Commerce Dept. reported the U.S. economy grew by an unexpectedly high 3.5% during the third quarter of 2009, ending a string of four consecutive quarters of a shrinking economy. For many, this is a sign the recession may be abating. For others, this is just a sign the various government stimulus moves did their job for the time being, but more time and effort will be needed before a true recovery begins. Photo: University Medical Center at Princeton in Plainsboro Related Links: The Top Owners Sourcebook Complete Report Developers: Firms Bracing as Building Market Searches
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.