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Amendments to the defense authorization approved by Congress tighten the rules governing surety assets in a way that should curtail individual surety fraud.
Under steady conditions, global construction output is set to grow, on average, by nearly 4% annually for the next 15 years—reaching, in constant 2014 dollars, $17.5 trillion by 2030, says an expansive 15-year forecast by two U.K.-based consultants..
As the run-up to the 2016 presidential campaign intensifies, construction groups and unions are beginning to devote time and energy to identifying candidates whom they can support.
After a tentative start, the construction recovery hit full stride this year, and it is expected to keep pace in 2016, according to economists surveyed by ENR.