Dive summary:

• As speakers delivered words of both encouragement and caution at the Associated General Contractors annual meeting in California, the brightest sign of a recovery may have been that 25% more members felt they could afford the event this year than did in 2012.
• New AGC President Paul Diederich of West Fargo, N.D., said there is work to be done to get Congress to understand the multiplier effect of spending on infrastructure building and repair, but there is private-sector money available, too.
• On the down side, Bruce Merwin, an attorney with Haynes and Boone LLP in New York City, said he has seen a big increase in the use of termination-for-convenience clauses in contracts in recent years as companies' commitments to seeing projects through to completion has been weakened.

From the article:

Speaking about sequestration, Diederich said he thinks it is going to be impactful in limited places. ...