Engineering Inc. - July/August 2003 - 7

MARKET WA T C H T he value of construction projects under way in May came
in at a seasonally adjusted annual rate of $869.8 billion, representing a
1.7 percent decline from April's level of $885 billion, according to the
Commerce Department. It A House Transportation and marked the third month
in a row that total construction revenues to Social Security
Infrastructure Committee spending went down. and Medicare, and deficit T&I
proposal to The decline in construction was seen across the board with
reduction. reauthorize TEA-21 at $375 private builders cutting back on
both residential projects and In May, the Bush Administra- billion over
six years would commercial ventures, such as office buildings. tion
released its $247 billion provide a major shot in the arm Government
spending on big public works projects also blueprint to reauthorize the
fed- to the U.S. economy. That's declined to its lowest level in nearly a
year. Public construction eral highway and transit pro- according to a new
report by was $207.2 billion in May, a 1.8 percent decline from $211.1 gram
over the next six years. Global Insight, Inc., the world's billion in
April. The proposal represents a $19 leading econometric forecasting
billion increase in spending over Total Construction Spending 2003 firm,
which is used by more TEA-21. But it is substantially 950 899.5 899.3 than
3,000 industry, finance less than the spending goals that 890.8 886 869.8
900 and government clients. have been recommended by Global Insight, Inc.,
formerly both the House and Senate 850 DRI-WEFA, ran the T&I transportation
committees. 800 Committee proposal through its The leadership of the Senate
750 national model. Results show Environment and Public Works that the
combined effects of the Committee intends to offer a 700 T&I
transportation infrastruc- $311.5 billion proposal, while 650 ture
investment plan would the House T&I Committee lead- generate much-needed
eco- ership has set a $375 billion goal. 600 nomic benefits over the next
six ACEC is providing several 550 years. These include: options to
increase funding for 

Engineering Inc. - July/August 2003

Table of Contents for the Digital Edition of Engineering Inc. - July/August 2003

FROM ACEC TO YOU
MEMBERS ASK
NEWS & NOTES
LEGISLATIVE ACTION
INTERVIEW WITH JOHN BOEHNER (R-OHIO)
WHAT IS WHITE COLLAR?
ADDED BENEFITS
APWA AND ACEC SHARE MANY COMMON CONCERNS 21
MEMBERS ?DIG? BOSTON
UP NEXT: PHOENIX, ARIZONA
MEMBERS IN THE NEWS
ONE ON ONE
Engineering Inc. - July/August 2003 - CV1
Engineering Inc. - July/August 2003 - CV2
Engineering Inc. - July/August 2003 - 1
Engineering Inc. - July/August 2003 - FROM ACEC TO YOU
Engineering Inc. - July/August 2003 - MEMBERS ASK
Engineering Inc. - July/August 2003 - NEWS & NOTES
Engineering Inc. - July/August 2003 - 5
Engineering Inc. - July/August 2003 - 6
Engineering Inc. - July/August 2003 - 7
Engineering Inc. - July/August 2003 - LEGISLATIVE ACTION
Engineering Inc. - July/August 2003 - 9
Engineering Inc. - July/August 2003 - INTERVIEW WITH JOHN BOEHNER (R-OHIO)
Engineering Inc. - July/August 2003 - 11
Engineering Inc. - July/August 2003 - 12
Engineering Inc. - July/August 2003 - 13
Engineering Inc. - July/August 2003 - WHAT IS WHITE COLLAR?
Engineering Inc. - July/August 2003 - 15
Engineering Inc. - July/August 2003 - 16
Engineering Inc. - July/August 2003 - ADDED BENEFITS
Engineering Inc. - July/August 2003 - 18
Engineering Inc. - July/August 2003 - 19
Engineering Inc. - July/August 2003 - 20
Engineering Inc. - July/August 2003 - APWA AND ACEC SHARE MANY COMMON CONCERNS 21
Engineering Inc. - July/August 2003 - 22
Engineering Inc. - July/August 2003 - 23
Engineering Inc. - July/August 2003 - MEMBERS ?DIG? BOSTON
Engineering Inc. - July/August 2003 - 25
Engineering Inc. - July/August 2003 - UP NEXT: PHOENIX, ARIZONA
Engineering Inc. - July/August 2003 - 27
Engineering Inc. - July/August 2003 - MEMBERS IN THE NEWS
Engineering Inc. - July/August 2003 - 29
Engineering Inc. - July/August 2003 - 30
Engineering Inc. - July/August 2003 - 31
Engineering Inc. - July/August 2003 - ONE ON ONE
Engineering Inc. - July/August 2003 - CV4
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