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Industry News / Market Forecast
FMI Forecast: Market Growth Pace Slows; Non-Residential Structures to Outperform
Total U.S. engineering and construction spending is forecast to rise 3 percent in 2019, down from a 4 percent increase in 2018, according to the latest FMI U.S. Construction Outlook.
ACEC News / Convention
Four Great Reasons to Attend the ACEC Annual Convention
ACEC President/CEO Linda Bauer Darr lays out her top reasons to attend the 2019 ACEC Annual Convention and Legislative Summit in Washington, D.C., May 5-8.
Industry News
USGBC Releases LEED v4.1 for Cities, Communities and Residential Homes
The new LEED v4.1 certification is available for homes, cities, and communities. The certification places an emphasis on performance monitoring, social equity, fully integrated designs, and human health factors.
Industry News
EPA Report Lays Out Consequences of Unchecked Climate Change
EPA scientists paint a dire picture of the economic and societal impacts of unchecked climate change in a comprehensive report published in the Nature journal on Monday. The report analyzes how 22 impacts of climate change, such as rising sea levels or longer pollen seasons, will affect the U.S. economy and social fabric.
ACEC News / Convention
2019 EEA Gala Registration Surges Past 700; Seats Filling Up Fast
More than 700 have registered for the upcoming Engineering Excellence Awards Gala, to be held Tuesday, May 7th at the Marriott Wardman Park Hotel in Washington, D.C., as part of the 2019 ACEC Annual Convention.
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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