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Advocacy
Ways and Means Committee Approves Retirement Savings, IRS Reform Bills
On Tuesday, the House Ways and Means Committee unanimously approved the Setting Every Community Up for Retirement Enhancement Act (SECURE Act, HR 1994), which is designed to address the retirement savings gap.
Industry News / Infrastructure
Upgrading of Deficient Bridges at Slowest Pace in Five Years
The number of structurally deficient bridges across the country declined last year to 47,052, but according to analysis by the American Road & Transportation Builders Association, the pace of repair has slowed to the slowest point in the past five years.
Engineering / Industry News
Global Engineering Survey Highlights Environmental Challenges
Environmental issues will be the number one global challenge over the next 25 years, according to a DiscoverE survey of nearly 3,000 engineers from more than 80 countries
ACEC News / Member Organizations
Forum Focuses on Improved Collaboration between ACEC National and State Organizations
ACEC Chair Manish Kothari, President/CEO Linda Bauer Darr, ACEC/Maryland Executive Director Jim Otradovec, and ACEC Chair-elect Mitch Simpler discuss opportunities to increase engagement between Member Organizations and the national office.
ACEC News / Education
The Potential of Opportunity Zones for Your Firm’s Project Pipeline, April 10
Excitement is rising in both the commercial real estate and economic development communities as the first new national investment program in 15 years begins.
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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