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Industry News
New York Passes "Most Aggressive Climate Change Program in the United States of America, Period"
New York passed last week legislation to cut its planet-warming emissions 85 percent below 1990 levels by 2050 and offset the remaining 15 percent through carbon-dioxide removal measures.
Advocacy / Industry News
FHWA Finalizes Guidance on New “Safe Harbor” Indirect Cost Rate Policy for New and Small Firms
ACEC Senior Director Transportation Programs Matt Reiffer discusses how the Federal Highway Administration (FHWA) is expanding and making permanent a “Safe Harbor” Indirect Cost Rate policy for state departments of transportation.
ACEC News / Awards
Nominate Entities Making Exemplary Use of Qualification-Based Selection for the 2019 QBS Awards
Nominations are open for the 2019 QBS Awards, which recognize public and private entities that make exemplary use of the Qualifications-Based Selection process at the federal, state and local levels. The deadline for nominations is Friday, July 19, 2019.
Advocacy / Industry News
House Committee Moves Forward on ACEC-Backed Tax Extenders
The House Ways and Means Committee took a key step today toward extending a collection of expired and soon-to-expire tax provisions, approving the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (H.R. 3301), which reinstates the tax extenders for 2018 through 2020.
ACEC News / Education
Register Now for July 11 Online Class on Client Utility Risk Assessment and Cybersecurity Risk Management
You probably have water or electric utility clients facing new requirements for risk assessments and risk management processes as well as emergency response planning. Armed with information about the risk assessment and risk management processes, you will become a seamless team player to help your clients meet their compliance requirements and improve utility resilience.
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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