Categories
Categories
ACEC News / Advocacy
ACEC Hosts Reception for Senate Majority Leader Mitch McConnell at ACEC Convention
Senate Majority Leader Mitch McConnell (R-KY) discussed the Senate agenda and prospects for an infrastructure package during a reception at the 2019 ACEC Annual Convention in Washington, D.C.
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.
The Senate Appropriations Subcommittee on Transportation, Housing & Urban Development approved an annual funding bill that increases investment levels for most federal transportation infrastructure programs for the coming fiscal year.
The bill fulfills FAST Act funding levels for highway programs at $46.4 billion from the Highway Trust Fund and adds an additional $2.7 billion from the General Fund for surface transportation block grants, railway-highway crossing safety improvement, and bridge repairs.
Seven innovative technology startups – focused on sustainability solutions that range from artificial intelligence and next-generation analytics to autonomous heavy equipment and electric vehicle energy management – have been selected to join Black & Veatch’s IgniteX Cleantech Accelerator.
Montreal-based WSP Global Inc., says it intends to grow its U.S. presence further with a planned $65-million acquisition of environmental consultant Lancaster, N.Y.-based Ecology and Environment Inc.
Indicators
Engineering Employment
1,525,400 (October)
1,522,900 (September)
Construction Spending
$1,287,300,000 (August)
$1,285,600,000 (July)
ACEC Stock Index
41.44 (October 29)
41.22 (October 22)
Dodge Momentum Index
143.6 (September)
137.9 (August)
Morrissey Goodale U.S. M&A Index
288 Deals--Down 3 percent year-over-year
AIA Billings Index
49.7 (September)
47.2 (August)
Engineering Career Opportunities
