Feds Cost Cutting - GSA New Projects on Hold
January 25, 2012 | 
Though Some Military Construction Remains Strong
The General Services Administration will not start new projects this year. Although military construction is strong and specific agency facilities will result in spending of $117 billion this year, down from $125 billion last year, in contrast to the 2012 request of $182 billion. (Figures courtesy of the Associated General Contractors of America.) Back out the Department of Housing and Urban Development, grant and contract spending will be cut in half. And construction pulls through so much related spending like IT, audio visual, and furniture.