Recent Highlights

ACEC Stock Index

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The ACEC Index compares the stock performance of ACEC’s publicly held Member Firms with the NYSE Composite Index and Total U.S. Construction Spending.

 

A/E Employment

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Total U.S. architectural and engineering employment in April climbed to its highest level since October, 2008.

 

More Industry News

EBI

 

ACEC Webinars

 
May
28—Back Office and Production Technologies for Engineers, by Paul Doherty, president & CEO, the digit group, inc. Join us for the 2nd of a 5 part webinar series that will explore the Information Technology forces that are driving change in the Engineering profession.
 
June
3—Are You Fighting Fires Instead of Managing Your Employees, by Gary Bates, Roenker Bates Group. Your employees will never realize their potential as long they can rely on you to do their firefighting for them. This webinar will explore this problem in detail and help you understand the proper methods to get out of the firefighting business.
 
4—Six Steps to Increase Profitability in Engineering Firms, by June Jewell, president, AEC Business.com. The presenter, author of Find the Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering & Environmental Firms, will provide best practices and advice on how to improve your firm’s performance and prepare the firm’s future leaders to successfully take the reins.
 
9—The 21 Best Differentiators for Your Firm, by Sylvia Montgomery, senior partner, Hinge Branding and Marketing for Professional Services. How do you identify what really sets your firm apart or choose a new, powerfully differentiated direction? This webinar will explore 21 ways that your firm can differentiate itself to gain a competitive advantage in the marketplace.
 
10—Why Clients REALLY Select Your Firm, by Mark Goodale, principal, Morrissey Goodale. Learn why clients really choose your firm. You’ve got to understand that you are always on stage, and if you’re blind to that, you’ll lose every time.
 
11—Present With More Power and Less PowerPoint: How to Grow Your Influence AND Your Business, by Jim Rogers, President, Fleetridge. Learn how to rely less on PowerPoint and other slideware. By scaling back your slides, or eliminating them altogether, you will be able to connect more powerfully with your audience.
 
16—Raising Your Marketing ROI, by David Stone, Stone & Company. This program will show you how much you should be spending on marketing, what you can expect a marketing program to do for you, what should be in your marketing plan, how to set up an effective marketing department—whether in-house or outsourced—and how to measure results.
 
18—Talent Management Explained, by Leigh Mires, chief learning officer, Thornton Tomasetti. In this session, we will examine the benefits of competency models, learn how to build the models and review several examples of their application.
 
23—Best Practices for Highly Effective Boards, by Gerry Salontai, Salontai Consulting Group. Companies of all sizes and ownership structures in the professional services industry are moving to a more dynamic and forward-looking governance model. Learn how your company sizes up in this area and where there may be an opportunity to “up the game” for your business.
 
24—Understanding the Selection Processes of Clients, and the Dynamics of Selection Committees, by Charles McIntyre, director of marketing, Cochran, Inc., and Harold Glaser, director of business development, Kennedy/Jenks Consultants. This webinar will focus on the unique aspects of selection processes which can make the difference between success and failure, shining a light on a dynamic that many consultants overlook—the intersection of technology and human behavior.
 
25—Mobile and Field Technologies for Engineers, by Paul Doherty, president/CEO, the digit group, inc. This is the third of a five-part webinar series exploring the Information Technology forces that are driving change in the Engineering profession. This series is designed to explore real world examples and case studies regarding projects, tools and suggested next steps from around the world.
 
30—Big-Picture Trends Shaping the Future of Engineering Firms, by Ray Kogan & Cara Bobchek, Kogan & Company. Examine the long-term trends that will shape the future of your engineering firm—demographics, project delivery, labor; ownership transition; and technology.
 

 

Latest News

ACEC Member Firms Outperform on ENR 500

Over the past three years, ACEC Member Firms on the ENR 500 have increased their revenue and market share at a faster pace than non-member firms.

Total revenues of ACEC Member Firms on the ENR 500 grew from $62.1 billion to $72.2 billion from 2013 to 2015, and their market share increased from 69 percent to 77 percent. During that same period, non-member firms on the list saw their revenue drop from $28.1 billion to $21.1 billion and their market share decline from 31 percent to 27 percent.

According to ACEC estimates, private sector revenue among ACEC Member Firms on the ENR 500 grew 27 percent from 2013 to 2015, from $35.5 billion to $45.1 billion, while non-member firms' private sector revenues fell 23 percent, from $24 billion to $18.1 billion.

Over the past year, ACEC Member Firms on the ENR 500 saw their best revenue growth in the Industrial/ Petroleum (+53 percent), Power (+40), Manufacturing (+31), and Buildings/Land Development (+23) sectors.

ACEC Calls for Equal Treatment for Corporations and Passthrough Entities in Tax Reform Negotiations

Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways and Means Committee Chairman Paul Ryan (R-WI) have requested ACEC's input on how pass-through businesses—S corporations, partnerships, and sole proprietorships—should be treated if Congress and the Administration cannot reach agreement on lowering both individual and corporate tax rates. Pass-through entities pay their business income taxes on the individual tax returns of the firm’s owners.

In a letter to Hatch and Ryan, ACEC President/CEO Dave Raymond reiterated the Council’s position that corporations and pass-through businesses should be treated equally when setting tax rates. As one approach to achieving this goal, Raymond suggested that Congress create a business equivalency tax rate for pass-through businesses that is tied to the corporate rate. Click here to read the letter.

If Congress cannot reach agreement with the Administration on broader tax reform, it is likely to address the extension of expired tax provisions, such as the R&D tax credit and higher limits for Section 179 expensing.

ACEC Action Alert: Urge Your Congressional Delegation to Support Long-Term Transportation Bill

ACEC and a large coalition of organizations—contractors, suppliers, labor organizations, and the broader business community—have launched an intensive grassroots campaign to pressure lawmakers to put a stop to more short-term extensions and budget gimmicks and pass a long-term transportation bill.

ACEC members are asked to contact their Representative and Senators today to urge their support of a long-term bill. Every Member of Congress needs to hear about the importance of such a bill and the need for immediate action.

Click here to access a sample letter. You are encouraged to personalize the letter with firm-specific information and email it to your Member of Congress.

Should you require additional information, please contact ACEC Director of Transportation Programs Matt Reiffer.

ACEC Supports Delay of FASB Rule

The Financial Accounting Standards Board (FASB) has proposed delaying the effective date of its Revenue from Contracts with Customers accounting standard for one year. Click here to read ACEC’s letter of support for the delay.

ACEC and other industry stakeholders have urged delaying implementation of the rule, which changes how and when firms report revenue on their financial statements, because it would require that firms revise several years of past financial statements to reflect the new accounting standard. The proposed delay in the effective date would give firms additional time to analyze and implement these changes to their financial statements.

Most engineering and construction firms currently use the percentage of completion method for reporting revenue. The new rule requires firms to determine when contracts should be reported separately and when they should be combined. Under the delay, the accounting standard would take effect on December 15, 2017 for public businesses and on December 15, 2018 for privately-held businesses.

FHWA Finalizes Regulations on Engineering and Design Services

The Federal Highway Administration has published new regulations governing the procurement, management, and administration of engineering and design-related services on federal-aid highway projects. The rules include changes and clarifications to State DOT procurement policies and QBS procedures, contract negotiation and administration, audit and accounting of allowable costs, and program management and oversight.

ACEC secured several improvements to the rules as initially proposed, including flexibility for firms serving in program management roles to perform other services for agency clients. ACEC also defeated efforts by public employee unions to mandate the in-sourcing of certain engineering and inspection activities.

The rules take effect on June 22. State DOTs will have one year to update their policies and procedures to comply with the new regulations.

To read the regulations, click here.

2015 Young Professional of the Year Award Winners

ACEC has recognized five Member Firm employees as 2015 Young Professionals of the Year. This annual awards program promotes the accomplishments of young engineers by highlighting their contributions to engineering and to society.

The 2015 winners are Jessica Garcia, professional engineer, Clanton & Associates, Inc., Boulder, Colo.; Corin Marron, water resource engineer, ARCADIS US Inc., Tucson Ariz.; Dennis Hymel, project manager, T. Baker Smith, Thibodaux, La.; Juan Osorio, project engineer, Langan Engineering and Environmental Services, Elmwood Park, N.J.; and William Billiet, project engineer, Schnabel Engineering, Baltimore, Md.

In addition, Garcia was recognized during National Engineers Week as one of the 2015 New Faces of Engineering.

For more information about the Young Professionals of the Year program, click here.

ACEC to Host A/E Industry Economic Forecast Webinar on June 17

What can you expect in the engineering marketplace for the remainder of 2015?

In Industry Economic Overview—2015 Update and What to Expect Through the Rest of the Year, Greg Powell, vice president of investment banking at FMI Capital Advisors, Inc., will analyze how key market trends have affected the industry through the first half of 2015, review where the economy is gaining strength and where momentum is faltering, and provide a marketplace game plan for the rest of the year.

Powell will focus his forecast on short-term trends, so participants can take advantage of market opportunities in the second half of the year.

For more information and to register, click here.

Nominations for 2014 ACEC Community Service Awards Close on June 12

The ACEC Committee of Fellows is soliciting nominations for the 2014 ACEC Community Service Awards, which recognize Member Firm leaders who have made a significant impact on the quality of life in their communities.

Member Organizations nominate award candidates, who must have at least five years of experience as a principal or manager in an ACEC Member Firm. MOs must submit nominations to the Committee of Fellows by June 12.

Click here to access the Community Service Awards program criteria and nomination form. For more information, contact Daisy Nappier at dnappier@acec.org or call 202-347-7474.

New Jersey Installs Smart Traffic Systems on Highways

A smart traffic management system installed on the New Jersey Turnpike and the Garden State Parkway last month will keep drivers informed about traffic and accidents.

Before the new system was installed, controllers had to use seveal different systems to update about 1,000 signs, some of which were up 40 years old. Now the signs can be updated at the same time with one system.

The next phase of the program is to integrate data from more than 3,000 sensors embedded in the roads that track cars, speed, and vehicle data. Eventually that information could be sent to mobile devides and vehicle information systems to keep driversup-to-date on traffic conditions.

Housing Starts Hit Seven-Year High

Housing starts climbed 20.2 percent in April—the biggest monthly percentage increase since 1991—to an annual pace of 1.14 million units, which is the highest level in seven years. Housing permits rose 10.1 percent in April to 1.14 million.

"It's a big rebound from the weakness we've seen in the last few months," said TD Securities Analyst Gennadiy Goldberg. "Real activity data are starting to pick up."

The American Council of Engineering Companies
1015 15th St., NW, 8th Floor, Washington, DC 20005-2605
Phone: 202-347-7474 - Fax: 202-898-0068
www.acec.org - E-mail:acec@acec.org
Alan D. Crockett, Director, Communications
Gerry Donohue, Editor/Designer