After several years of annual declines in U.S. construction work, the 2012 construction forecasts, ranging from flat to slight increases in work, appear more promising. However, the ongoing credit crunch that plagues construction financing is still creating some uncertainty across the construction community. Faced with the ongoing slow recovery, a growing number of construction businesses have realized more direct financial benefits through tax incentives. Commonly unknown or misunderstood, perhaps the most powerful tax incentive available to most constructors is the R&D (research and development) tax credit, which is applicable to many construction jobs. For the vast majority of constructors who