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Advocacy / Member Organizations
ACEC/Rhode Island Wins Elimination of Separate OWTS Licensing Requirement
ACEC/Rhode Island scored a big win in the 2019 session of the state General Assembly with the passage of a bill that exempts professional engineers from the long-standing requirement to maintain a separate license and to enroll in continuing education courses to design On-Site Wastewater Disposal Systems.
Industry News / Market Forecast
Report: Sea Level Rise Could Force More Than $400 Billion in Seawall Construction
Coastal communities in the lower 48 states will face more than $400 billion in seawall costs due to sea level rise over the next 20 years, according to a new report by the Center for Climate Integrity and Resilient Analytics.
Industry News / Infrastructure Funding
ACEC Congratulates Illinois for Acting on Infrastructure
Earlier today, Illinois Governor J.B. Pritzker signed into law the most significant investment in infrastructure the state has seen in 30 years. Illinois makes 31 states that have raised revenues in recent years to boost spending on transportation projects and other infrastructure needs.
Industry News / Infrastructure Funding
House Approves Funding Bill for Transportation, Water, Military Construction
The House of Representatives passed a bill yesterday to fund U.S. Department of Transportation and the departments of Commerce, Interior, Veterans Affairs, Agriculture, and Housing and Urban Development, as well as environmental programs.
ACEC News / Advocacy
ACEC Endorses Tax Extenders in Comments to Senate Taskforce
ACEC submitted comments this week to a taskforce of the Senate Finance Committee endorsing multi-year extension of the Section 179D energy-efficient commercial buildings tax deduction and the Section 45 production tax credit for renewable resources.
Boxwood Merger Corp. (Nasdaq: BWMC, BWMCU and BWMCW) (“Boxwood”), a publicly-traded special purpose acquisition company, and Atlas Intermediate Holdings LLC (“Atlas”) (combined together with Boxwood, the “Company”), a leading provider of professional testing, inspection, engineering and consulting services, announced today that they have entered into a definitive agreement whereby Atlas will become a wholly-owned indirect subsidiary of Boxwood. Immediately following the proposed transaction, Boxwood intends to change its name to Atlas Technical Consultants, Inc. (“Atlas Technical”) and its shares of Class A common stock are expected to continue to be listed on The Nasdaq Stock Market under the ticker symbol “ATCX.”
The joint venture of Gannett Fleming and Dewberry announced that it was awarded one of four five-year engineering/architecture indefinite delivery, indefinitely quantity (IDIQ) contracts issued by the U.S. Army Corps of Engineers (USACE) Jacksonville District.
WEST was awarded a 5-year Indefinite Delivery Architect-Engineer Contract worth up to $4.5 million from the U.S. Army Corps of Engineers (USACE), Los Angeles District for AE Hydrologic and Hydraulic Services for Civil Works Projects.
Indicators
ACEC Engineering Business Index (EBI)
62.6 (2Q, 2019)
62.2 (1Q, 2019)
Engineering Employment
1,521,800 (July)
1,517,500 (June)
Construction Spending
$1,286,997,000 (June)
$1,303,427,000 (May)
ACEC Stock Index
38.16 (August 5)
41.90 (July 29)
Dodge Momentum Index
138.9 (July)
145.6 (June)
Morrissey Goodale M&A Index
297 Deals year-over-year (August)
312 Deals year-over-year (July)
AIA Billings Index
49.1 (June)
50.2 (May)
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