Categories
Categories
ACEC News / Advocacy
WSJ Publishes ACEC President/CEO Linda Bauer Darr's Letter Calling for More Resilient Infrastructure
In a letter published in The Wall Street Journal, ACEC President/CEO Linda Bauer Darr calls for a more proactive approach to disaster mitigation.
Advocacy / Infrastructure Funding
ACEC, Transportation Allies Call for Repeal of $7.6 Billion FAST Act Rescission
ACEC and 30 coalition partners sent a letter last week to Congressional leaders urging them to repeal the $7.6 billion rescission in Federal-aid highway contract authority scheduled to take place in July 2020.
ACEC News
Deadline to Submit Your Firm's Innovative Residential Projects Extended to May 28
The September/October 2019 issue of Engineering Inc. will spotlight Member Firm’s residential housing projects.
Industry News / Industry Statistics
Construction Costs Rise for 31st Straight Month
U.S. Construction Costs increased in May for the 31st consecutive month, according to the IHS Markit PEG Engineering and Construction Cost Index.
Industry News / Market Forecast
Architectural Billings Index Climbs Back into Positive Territory
The American Institute of Architects (AIA) Architectural Billings Index rose in April to 50.5, up from 47.8 in March. Any score above 50 indicates an increase in billings.
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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