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Quarterly A/E Revenues Reach $110 Billion in Q2 2022
Total A/E revenues reached a new all-time high in Q2 2022 at nearly $110 billion, as reported by the U.S. Census Bureau on September 8, 2022. If you follow our regular updates, you may recall that A/E revenues just reached an all-time high of $104 billion in Q1 2022. This is the 8th straight quarter of consecutive growth after dipping in Q2 2020 due to the pandemic induced recession. Engineering services led the A/E firm revenue growth with a 7.3% increase from Q1 to Q2 2022 and architecture services increased by 1.3% from Q1 to Q2 2022.
ACEC at FIDIC; Manish Kothari Elected to FIDIC's Board
ACEC participated in another successful FIDIC Global Infrastructure Conference which just wrapped up in Geneva, Switzerland.
Design and Construction Spending is Up Year-Over-Year
Each month we will report the Construction Put in Place numbers released by the U.S. Census Bureau. The data includes design and construction spending for both private and public sectors. The latest data was released on September 1, 2022, covering data from July 2022.
New Information on the Federal Contractor Vaccine Mandate
A recent court ruling has lifted the nationwide injunction blocking the enforcement of Executive Order 14042, the Federal Contractor Vaccine mandate.
Submit Your Firm's Community Service Programs to Engineering Inc. by September 14
Many engineering firms devote considerable staff time and resources to various community service programs, either locally or nationally. These efforts, also known as corporate social responsibility, enable firms to give back to their community and society. If your firm is involved in a community service program, we would like to hear from you and feature your story in Engineering Inc.
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Brown and Caldwell announce Euan Finlay has been promoted from senior vice president to chief operating officer (COO), effective immediately. A senior executive with 25 years of experience, Finlay excels in leading organizations and teams to deliver excellence to clients while driving sustainable growth.
VHB welcomes Meghan Powell as Director of Transit and Rail for the Mid-Atlantic region. In this role, Powell will carve a path forward for VHB's Transit and Rail service line by strategically leading the development and implementation of its growth strategy.
Brown and Caldwell today announced Vice President Dr. Kati Bell has been appointed a fellow of the UC Irvine Water-Energy Nexus Center (WEX Center).
The WEX Center promotes fundamental and applied research at the water-energy nexus in partnership with industry. Its research focuses on all dimensions of power/energy use and efficiency in the water processing sector, including extraction, treatment, conveyance, reclamation, and reuse.
Indicators
Engineering Employment
1,603,500 (February)
1,599,100 (January)
Construction Spending
$1,677,200,000 (January)
$1,655,800,000 (December)
Dodge Momentum Index
158.2 (February)
151.7 (January))
Morrissey Goodale U.S. M&A Index
425 Deals—Up 33 percent year-over-year
AIA Billings Index
51.0 (January)
51.0 (December)
Engineering Career Opportunities
