Construction Accounting & Taxation published the latest article from Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, about the disruption caused by inconsistent and under-funded government infrastructure programs.
Construction Accounting & Taxation
By Joseph Natarelli, National Construction Industry Group Leader & Anirban Basu, Chief Construction Economist
Among other things, the [government] shutdown highlighted what can occur when federal funding is interrupted, even if only for a few weeks. Many projects were in planning phases during the period of the federal shutdown, mere months from breaking ground. The shutdown interrupted ongoing planning processes, layered in financial uncertainty, and ultimately delayed project bidding or worse.