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ACEC News
Listen to ACEC’s Engineering Influence Podcast on iTunes
ACEC’s Engineering Influence channel on iTunes features a dozen podcasts on a wide range of engineering industry issues.
ACEC News / Education
Buy-Sell Agreements – Don’t Sell Your Firm Short
Your firm’s buy-sell agreement determines when and how ownership changes, yet most buy-sell agreements are drafted, signed and never revisited, leaving you exposed to costly mistakes.If you haven't recently reviewed your buy-sell agreement, now is the time. In fact, it's past time.
Industry News
Bipartisan Retirement Bill Approved by House
The House of Representatives has approved legislation to improve the nation’s retirement savings system.
ACEC News / Member Organizations
ACEC President/CEO Linda Bauer Darr Discusses Industry Challenges in ACEC/Kansas Podcast Interview
ACEC/Kansas Executive Director Scott Heidner recently interviewed ACEC President/CEO Linda Bauer Darr for an episode of the QBS Express podcast.
Industry News / Member Organizations
NYC's Transit Authority Demands 10 Percent Cuts in A/E Contracts; ACEC/New York Fights Back
The New York Metropolitan Transportation Authority (MTA) is demanding 10 percent cuts in existing contracts with its A/E vendors in an effort to close a projected $1 billion deficit in its 2022 budget.
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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