Engineering Inc. - July/August 2014 - (Page 2)

From ACEC to You ENGINEERING INC. THE OFFICIAL PUBLICATION OF THE AMERICAN COUNCIL OF ENGINEERING COMPANIES AMERICAN COUNCIL OF ENGINEERING COMPANIES Emphasis on Private Client Markets CHAIRMAN PRESIDENT & CEO A fter being hit hard six years ago, engineering markets are finally showing significant recovery. Private markets are particularly strong, led by the energy sector. Across a broad front, commercial clients, who previously stockpiled cash, are now spending again. Banks and financial institutions are lending again. More than two thirds of all professional engineering services are performed for private clients-in power, petroleum, industrial and commercial facilities, housing and land development. This private work is expected to grow stronger through 2015 and beyond. In contrast, the public sector remains sluggish because of declining or uncertain federal and state funding streams. Water-supply projects were down 5.6 percent in 2013. Wastewater projects were down 5.1 percent. A lone bright spot was transportation, with a 7.5 percent increase, although over an already low base. The Council is therefore ramping up its attention to private client practice, even as we continue to promote greater public funding. We want to make sure that private market issues and opportunities are emphasized in our business and legislative agendas. Our Fall Conference will feature a special panel on "Opportunities in Booming Energy Markets." This issue of Engineering Inc. includes insights from top Member Firm CEOs on private markets, how a transformation is underway in the power market, and how competition is keeping professional liability insurance rates in check. Our upcoming Fall Conference, Oct. 22-25, at the Hilton Waikoloa Village on the Big Island in Hawaii is shaping up nicely, so register now to take advantage of incredible rates for a five-star experience. Richard C. Wells ACEC Chairman David A. Raymond ACEC President & CEO VICE PRESIDENT, OPERATIONS Richard C. Wells David A. Raymond Mary Ann Emely VICE PRESIDENT, GOVERNMENT AFFAIRS Steven Hall VICE PRESIDENT, BUSINESS RESOURCES AND EDUCATION Marie Ternieden DIRECTOR, COMMUNICATIONS AND MEDIA Alan D. Crockett STAFF EDITOR Andrea Keeney akeeney@acec.org 202-682-4347 SENIOR COMMUNICATIONS WRITER Gerry Donohue ACEC PUBLIC RELATIONS AND EDITORIAL ADVISORY COMMITTEE CHAIRMAN James Blake McMURRY/TMG, LLC Corey Murray Jeff Kibler PROJECT MANAGER Amy Stephenson Fabbri MANAGING EDITOR ART DIRECTOR ADVERTISING SALES Leo Hoch ACEC 1015 15th Street, NW, 8th Floor Washington, D.C. 20005-2605 202-682-4341 lhoch@acec.org Engineering Inc., Volume 25, Number 4 (ISSN 1539-2694), is published bi-monthly by the American Council of Engineering Companies (ACEC), 1015 15th Street, NW, 8th Floor, Washington, D.C. 20005-2605. Periodicals postage paid at Washington, D.C., and at additional mailing offices. Annual subscriptions are $24 for members (included in dues as a non-deductible amount); $45 for U.S. non-members; $65 for institutional subscriptions. Back issues are $15. POSTMASTER: Send address changes to Engineering Inc., c/o ACEC, 1015 15th Street, NW, 8th Floor, Washington, D.C. 20005-2605. © 2014 American Council of Engineering Companies. All rights reserved. This publication may be copied, downloaded from the ACEC website, stored in electronic or hard-copy format, and disseminated to third parties for educational and information purposes. ACEC expressly disclaims any liability for damages of any kind in connection with such copying, downloading, storage, and/or dissemination. By copying, downloading, storing and/or disseminating this publication, the recipient of this publication expressly agrees to defend, indemnify, and hold ACEC, its officers, directors, employees, volunteers and agents harmless from and against any and all losses, damages, claims, causes of action and liabilities, including reasonable attorneys' fees and costs, arising out of or resulting from the recipient's use of this publication. Notwithstanding the above, no part of this publication may be altered, resold, licensed, or used for any other commercial purposes without the prior written permission of ACEC. Recipients may opt out of receiving the electronic version of this publication from ACEC by sending an e-mail with the subject line "Unsubscribe" to ACEC at magazine@acec.org. Engineering Inc. subscribers: If you have a mailing address correction or need to add or remove an employee from the Engineering Inc. mailing list, please contact the ACEC Membership Department at memberservice@acec.org or call 202-347-7474 and ask for Member Records. WWW.ACEC .ORG http://WWW.ACEC.ORG

Table of Contents for the Digital Edition of Engineering Inc. - July/August 2014

Engineering Inc. - July/August 2014
Contents
From ACEC to You
Legislative Action
Market Watch
Staying on Mission
Public vs. Private
Meeting the Need
2014 Professional Liability Insurance Survey of Member Firms
Sustaining Industry Momentum
2014 Fall Conference
Risk Management
Business Insights
Members in the News
Mergers and Acquisitions

Engineering Inc. - July/August 2014