Related Links: What Keeps Construction Up at Night Over the Fiscal Cliff The Fiscal Cliff and the AEC Industry GROGANPundits, politicians, economists, barbers and taxi drivers all speak of the so-called fiscal cliff as if it were a bad thing. Is it really? Is it really even a cliff?Lets back up a bit and take another look at what is going on. What are the consequences of going over the fiscal cliff? First, that supposed devastating tax hike. Not going to happen!Both political parties are firmly locked into maintaining lower tax rates: the Republicans for 100% of taxpayers and
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.