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ACEC News / Education

June 17, 2021

Next Week’s Online Classes: Maximize Project Revenues | ESOP Pros and Cons | PPP Loan Forgiveness

Stop Leaving Money on the Table–10 Keys to Maximizing Project Revenues
Tuesday, June 22, 1:30-2:30 PM (Eastern)

In this presentation, June Jewell of AEC Business Solutions will show you 10 business practices under your control that are leaking precious dollars and jeopardizing the success of your projects, and what to do about it.

Learning objectives include:

  • Uncover ten areas to focus on to increase project fees and revenue
  • Learn how the mindset of your employees is the key to increasing project financial results
  • Discover new ideas to gain better clients and make higher profits on your jobs

Click here for more information and to register.

Pros and Cons of ESOPs in A/E Firms
Wednesday, June 23, 1:30-3:00 PM (Eastern)

ESOPs are common ownership vehicles in A/E firms. There are over 1,300 professional services firms with an existing ESOP, including some of the largest A/E firms in the industry. However, ESOPs are not for everyone.

Join Tim Cleary of Chartwell Financial Advisory and a panel of A/E executives to discuss the pros and cons of having an ESOP. The panel will include executives from an existing ESOP firm, a firm that terminated their ESOP, and a firm that considered implementing an ESOP but decided an ESOP was not the right fit for their firm.

Participant takeways include

  • The major benefits of an ESOP in an AE firm
  • Pros and cons of an ESOP in an A/E firm
  • How to evaluate if an ESOP is right for your firm

Click here for more information and to register.

PPP Loan Forgiveness: Updates & Guidance
Thursday, June 24, 1:30-3:00 PM (Eastern)

This session will provide the latest updates on Paycheck Protection Program (PPP) loan forgiveness and required credits under the Federal Acquisition Regulation (FAR), particularly on contracts with State Departments of Transportation (DOTs) and local agencies that use FAR indirect cost rates.

A panel of industry experts–T. Wayne Owens of Stambaugh Ness; Dan Purvine of A/E Clarity Consulting and Training; Diana Strassmaier of Aldrich CPAs + Advisors; and Scott Sutton of Somerset CPAs and Advisors–who helped develop guidance for State DOT auditors and A/E firms will review the key points of the Federal Highway Administration (FHWA) regulations and the supplemental guidance developed by the working group. They will also discuss the latest developments in policies and procedures being implemented in various states and the potential impact on firms.

Key topics include

  • The timing of recognition of PPP loan forgiveness and related credit
  • Allocation of PPP loans to certain costs
  • Calculation of the credit and what costs may be excluded
  • Required documentation and disclosures
  • Strategies for navigating the impact on contracts

Click here for more information and to register.


All comments to blog posts will be moderated by ACEC staff.

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June 17, 2021



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