Categories
Categories
ACEC News
Guest Post: GZA's Ernest Hanna Provides an Update on Reliance Letters
Ernest Hanna, a senior principal at GZA in Philadelphia, discusses GeoProfessional Coalition’s plans to draft a model Reliance Letter for geotechnical projects.
ACEC News / Advocacy
American Bar Association Panel Highlights ACEC Tax Reform Advocacy Efforts
During a recent American Bar Association panel discussion on the Section 199A 20 percent passthrough tax deduction in the 2017 Tax Reform Law, the presenter asked rhetorically why engineering and architecture are eligible for the deduction while consulting services are not, and then offered the likely answer.
Industry News / Market Forecast
Dodge Momentum Index Drops in April
The Dodge Momentum Index fell 0.5 percent in April to 144.3 from the revised March reading of 145.1.
Industry News / Industry Statistics
Lodging Market Continues Strong Performance
At the end of the first quarter of 2019, the U.S. construction pipeline in the lodging market sector included 5,647 projects totaling 687,941 rooms, up 7 percent by projects and 8 percent by rooms year-over-year, according to Lodging Econometrics.
ACEC News / Infrastructure Funding
ACEC Podcast: ACEC President/CEO Linda Bauer Darr Advocates for Infrastructure Investment in Two Radio Interviews
Hear what ACEC President/CEO Linda Bauer Darr has to say about the need for infrastructure investment and the outlook for an infrastructure bill in 2019 as she participated in interviews last week on WCCI-FM with Brian Rausch in Savanna, Ill. and WCSR-AM with Russ Martin in Hillsdale, Mich.
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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