The $1.1 trillion funding bill for fiscal year 2015 approved by Congress makes deep cuts in some construction programs, but the General Services Administration suffered just a short haircut by comparison.
The GSA, which owns and manages most non-military federal buildings, is on the books for a $255 million cut in 2015, but compared to 2014, the $1.3 billion for construction is still more than the funding received in 2011, 2012 and 2013 combined. The GSA’s construction and acquisition account remains steady in 2015 at over $500 million. The reduction in 2015 funding will come largely from the major repairs and alterations account.
Total funding for federal construction accounts tracked by the Associated General Contractors of America is over $106 billion for 2015. This represents a nearly $5 billion cut from 2014 levels.
Military construction accounts are in line for steep cuts. Overall, military construction funds will be cut by $3 billion (40%) in 2015 compared to 2014 levels.
Related Stories
| May 25, 2012
Major retail chains welcome LEED Volume option
Large national chains such as Starbucks, Marriott, Verizon, and Kohl’s are welcoming the LEED Volume Program that enables them to batch certify similar projects.
| May 25, 2012
Alaska’s okay of gravel aggregate with naturally occurring asbestos opens up development
Some long-delayed projects in the Upper Kobuk region of Alaska may now move forward thanks to legislation that allows construction in areas that have naturally occurring asbestos.
| May 25, 2012
Las Vegas building codes may thwart innovative shipping container development
A developer wants to build a commercial development out of steel shipping containers in Las Vegas, but city codes would have to be altered or the project would have to obtain waivers for it to receive the city’s go-ahead.
| May 25, 2012
Collapse of Brooklyn building that killed worker blamed on improperly braced frame
The Occupational Safety and Health Administration cited SP&K Construction with 11 safety violations, for which it could face more than $77,000 in fines.
| May 25, 2012
Study: Safety inspections don’t hurt the bottom line
A new study suggests that random safety inspections by regulators help reduce injury claims without hurting profits.
| May 24, 2012
2012 Reconstruction Awards Entry Form
Download a PDF of the Entry Form at the bottom of this page.
| May 17, 2012
New standard for Structural Insulated Panels under development
ASTM International and NTA, Inc. are developing a new standard for Structural Insulated Panels (SIPs) that would create a path for U.S. manufacturers to meet the requirements of the Canadian building code.
| May 17, 2012
Webinar: ‘What Energy Codes and Standards Are Adopted Where and by Whom’
A June 12 webinar by the Construction Specifications Institute will outline what energy codes and standards have been adopted in each of the states for commercial buildings, and what is anticipated to be adopted in the future.
