AGC: Construction Spending to Rise in 2014

According to the Association of General Contractors, there will be more projects to bid on, and spending will rise by 10 percent in 2014. Ken Simonson, chief economist of the Associated General Contractors of America, said that more projects are expected to become available for bidding than the industry has seen since 2009. Construction spending in the power and manufacturing sectors are expected to increase by double digits.