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- W638474787 abstract "This article summarizes the general economic overview section from the 2006 AEC Industry Outlook: Strategy and Insight for Design and Construction Firms, and provides details on two of the markets tagged as hot for 2006: water/wastewater and transportation. A survey of economic forecasters calls for the economy to grow at 3.5% in 2005 and grow another 3.4% in 2006. Potential threats to economic growth include the high cost of energy and the federal deficit. Major forecasters expect the architecture, engineering and construction (AEC) business to grow in 2006, but not at the same levels as in 2005. Design and construction firm leaders are optimistic about how the AEC industry will perform, with 73% of them saying that they expect business to be outstanding or excellent in 2006. The transportation industry is expected to grow significantly in 2006, due to the passage of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). Highway, transit and bridge projects are expected to be the biggest beneficiaries of SAFETEA-LU, which removes the uncertainty that state and local governments had about the long-term funding of projects. Potential dampers on the market are the rising costs of building supplies and energy." @default.
- W638474787 created "2016-06-24" @default.
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- W638474787 date "2006-01-01" @default.
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- W638474787 title "Prospects for Civil Engineering Firms" @default.
- W638474787 hasPublicationYear "2006" @default.
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