The latest Star America Capital Advisors Transportation Report. This report outlines the competitive environment in the State of Illinois. In this report you will find winning bidders, bid spreads, as well as the State's transportation budget.
This document summarizes Missouri Department of Transportation (MoDOT) bidding activity and planned expenditures from FY2017 to 3Q2018. It states that over $1.18 billion in contracts were awarded during this period, with the largest being $51 million. MoDOT's total proposed transportation budget for 2019-2023 is over $2.8 billion according to the Missouri Statewide Transportation Improvement Program.
Mercer Capital's Value Focus: Construction and Building Materials | Q3 2018 |...Mercer Capital
Mercer Capital's Construction Industry newsletter provides a broad range of specialized valuation and transaction advisory services to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
Presentation by Deborah Kilroe, Associate Director for Communications at CBO, at the Fourth Annual Global Network of Parliamentary Budget Officers Assembly.
CBO continually strives to make its work more accessible on its website and social media platforms. This presentation provides an overview of the significant innovations that CBO has implemented in recent years to enhance the online presentation and accessibility of the agency’s work.
Presentation by Keith Hall, CBO Director, at the Peter G. Peterson Foundation’s 2016 Fiscal Summit.
In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to CBO’s estimates. If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
To analyze the state of the budget in the long term, CBO has extrapolated its 10-year baseline projections an additional two decades. If current laws governing taxes and spending remain in place, the outlook for the budget would steadily worsen over the long term, with revenues falling well short of spending. CBO is in the process of completing a detailed update of its long-term projections; but in January the agency did a simplified update. On that basis, budget deficits are projected to rise steadily and federal debt held by the public is projected to exceed 130 percent of GDP by 2040.
To put the federal budget on a sustainable path for the long term, lawmakers would have to make major changes to tax policies, spending policies, or both – by reducing spending for large benefit programs below the projected amounts, letting revenues rise more than they would under current law, or adopting some combination of those approaches. The size of such changes would depend on the amount of federal debt that lawmakers considered appropriate.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
Presentation by Maureen Costantino, Visual Information and Publications Specialist in CBO's Management, Business, and Information Services Division, at the VisCom 2016 Conference.
This presentation provides an overview of the visual communications initiative at CBO. Highlighting the development, evolution, best practices, and examples of graphics products, its purpose is to educate those interested in developing such a program for their own workplace.
Presentation by Matthew Goldberg, Deputy Assistant Director for CBO’s National Security Division, to the Manpower Roundtable.
If the Congress rejects certain cost-saving proposals of the Administration that it has not accepted in the past, and if costs for weapon systems continue to rise as they have in the past, funding required to implement the Administration’s plans for the Department of Defense would exceed the funding caps set by the Budget Control Act of 2011 by $162 billion (in 2016 dollars) over the 2017–2020 period.
Mid Term Elections & Commercial Real Estatekottmeier
The 2010 mid-term elections resulted in Republican control of the House while Democrats retained the presidency, dividing government. This document discusses several implications for commercial real estate, including that a divided government may delay decisions around fiscal stimulus and employment, prolonging recovery in real estate markets. Additionally, debates around tax cuts, federal spending, healthcare reform, and financial reform could impact demand for office and medical space. While employment is slowly improving, decisions made by Congress will influence future projections and commercial real estate demand over the next 5 years is estimated at 550-925 million square feet of office space.
This document summarizes Missouri Department of Transportation (MoDOT) bidding activity and planned expenditures from FY2017 to 3Q2018. It states that over $1.18 billion in contracts were awarded during this period, with the largest being $51 million. MoDOT's total proposed transportation budget for 2019-2023 is over $2.8 billion according to the Missouri Statewide Transportation Improvement Program.
Mercer Capital's Value Focus: Construction and Building Materials | Q3 2018 |...Mercer Capital
Mercer Capital's Construction Industry newsletter provides a broad range of specialized valuation and transaction advisory services to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
Presentation by Deborah Kilroe, Associate Director for Communications at CBO, at the Fourth Annual Global Network of Parliamentary Budget Officers Assembly.
CBO continually strives to make its work more accessible on its website and social media platforms. This presentation provides an overview of the significant innovations that CBO has implemented in recent years to enhance the online presentation and accessibility of the agency’s work.
Presentation by Keith Hall, CBO Director, at the Peter G. Peterson Foundation’s 2016 Fiscal Summit.
In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to CBO’s estimates. If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
To analyze the state of the budget in the long term, CBO has extrapolated its 10-year baseline projections an additional two decades. If current laws governing taxes and spending remain in place, the outlook for the budget would steadily worsen over the long term, with revenues falling well short of spending. CBO is in the process of completing a detailed update of its long-term projections; but in January the agency did a simplified update. On that basis, budget deficits are projected to rise steadily and federal debt held by the public is projected to exceed 130 percent of GDP by 2040.
To put the federal budget on a sustainable path for the long term, lawmakers would have to make major changes to tax policies, spending policies, or both – by reducing spending for large benefit programs below the projected amounts, letting revenues rise more than they would under current law, or adopting some combination of those approaches. The size of such changes would depend on the amount of federal debt that lawmakers considered appropriate.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
Presentation by Maureen Costantino, Visual Information and Publications Specialist in CBO's Management, Business, and Information Services Division, at the VisCom 2016 Conference.
This presentation provides an overview of the visual communications initiative at CBO. Highlighting the development, evolution, best practices, and examples of graphics products, its purpose is to educate those interested in developing such a program for their own workplace.
Presentation by Matthew Goldberg, Deputy Assistant Director for CBO’s National Security Division, to the Manpower Roundtable.
If the Congress rejects certain cost-saving proposals of the Administration that it has not accepted in the past, and if costs for weapon systems continue to rise as they have in the past, funding required to implement the Administration’s plans for the Department of Defense would exceed the funding caps set by the Budget Control Act of 2011 by $162 billion (in 2016 dollars) over the 2017–2020 period.
Mid Term Elections & Commercial Real Estatekottmeier
The 2010 mid-term elections resulted in Republican control of the House while Democrats retained the presidency, dividing government. This document discusses several implications for commercial real estate, including that a divided government may delay decisions around fiscal stimulus and employment, prolonging recovery in real estate markets. Additionally, debates around tax cuts, federal spending, healthcare reform, and financial reform could impact demand for office and medical space. While employment is slowly improving, decisions made by Congress will influence future projections and commercial real estate demand over the next 5 years is estimated at 550-925 million square feet of office space.
The document provides an economic update for the Denver metro area in 2010, summarizing key pieces of the economy that were affected by the recession, including consumer activity, housing, business activity, and government stimulus efforts. It analyzes data on GDP growth, consumer spending, unemployment, home sales, foreclosures, commercial real estate vacancies, and more. While some parts of the economy like consumer confidence and home prices were improving, unemployment was still rising and the full recovery remained uncertain. Government stimulus programs were helping offset state budget cuts and boost activity.
Federal spending for highways, which takes place largely through grants to state and local governments, has equaled a fairly stable percentage of gross domestic product over the past 30 years. Since 2001, that spending has exceeded the revenues from fuel and other taxes that are credited to the Highway Trust Fund for highway programs. Policymakers have various options for changing the ways in which the federal government spends on highways and raises money to fund those expenditures.
Mercer Capital's Value Focus: Construction and Building Materials | Q1 2018 |...Mercer Capital
Mercer Capital's Construction Industry newsletter provides a broad range of specialized valuation and transaction advisory services to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
President Trump’s election was about making the United States great. Part of Trump’s policies was to spend $1 trillion on infrastructure through different policies through tax policies.
This presentation looks at infrastructure in terms of where President Trump sits in terms of policies as well as how corporation are viewing tax reforms. Many corporation already look at United States based corporation like cost centers as such any sort of tax reforms will take time to work through the system.
Presentation by David E. Mosher, Assistant Director for CBO’s National Security Division, at the Professional Services Council’s 2016 Vision Federal Market Forecast Conference.
Pressure on the Department of Defense’s budget in future years will come from external fiscal constraints as well as growth within the department in the costs of weapon systems, manpower, and operation and maintenance. Given those fiscal constraints, if those causes of growth are not addressed, DoD will have to reduce forces, the number of weapons it buys, or operations and readiness.
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
The Coastal Index: The Problem and Possibility of Our CoastGNOCDC
In 2010, the Deepwater Horizon oil platform blew up and sank 45 miles from Plaquemines Parish, spilling millions of barrels of oil into the Gulf. The spill added to the ongoing deterioration of our coasts, and although it remains a working coast of national economic importance, residents are moving inland. At the same time, the billions of dollars being spent to protect and restore the coast can add to a firm economic foundation established by a long history of working and living with water. A promising “water management” sector is developing that can diversify the economy and bolster Southeast Louisiana’s sustainability for the long term.
1. The document provides financial data and statistics on various economic indicators such as stock market performance, government spending, credit card debt, unemployment rates, and home ownership.
2. Key points include that the S&P 500 gained over 8% in the final 6 months of the previous bull market, the average stock market decline during past bear markets is 34%, and credit card debt in the US reached over $1 trillion in February 2017.
3. The document also notes that 16% of student loan borrowers hold over half of the $1.3 trillion in total student loan debt, Salt Lake City has the lowest unemployment rate among large cities while Cleveland has the highest, and 2 in 5 homeowners ages 65-
The Congressional Budget Office briefing discusses projections for the US budget and economy from 2018 to 2028. Deficits are projected to increase in the next few years before stabilizing above their 50-year average throughout the period. Real GDP growth is projected to average 1.9% over the period, with the 2017 tax act providing a temporary boost averaging 0.7% annually. Accumulating deficits will cause federal debt held by the public to rise from 78% of GDP currently to 96% by 2028, the highest level since 1946.
Mercer Capital's Value Focus: Construction Industry | Q2 2015Mercer Capital
Mercer Capital’s Construction Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
The document summarizes Oregon Department of Transportation (ORDOT) bidding activity and budget from 2017 to 2021. It shows that ORDOT's total proposed budget for 2018-2021 is over $2.8 billion. During 2017-3Q2018, 523 million in contracts were awarded, with the largest being a $29 million project. It also outlines ORDOT's planned expenditures by program for 2018-2021, with the National Highway Performance Program contributing $1.22 billion, or 43% of the total budget.
Star America's latest Transportation Report. This report outlines the competitive environment in the State of Oklahoma. In this report you will find bid results for ODOT projects from January 2017-June 2018 and ODOT budget highlights.
Kentucky's transportation budget and bidding activity is summarized as follows:
- The total proposed transportation budget for Kentucky from 2016-2020 was over $12.3 billion according to the Kentucky Transportation Cabinet. Highway construction received the largest portion at $6.5 billion.
- In FY2018, the largest single project awarded was $81 million and there were 18 projects over $10 million and 9 over $20 million awarded. The total value of contracts let was $1.13 billion.
- Mountain Enterprises Inc. had the most bids submitted in FY2018 at 97 while ATS Construction was the most successful bidder, winning $300 million in contracts.
Please enjoy our seventh transportation report. This report outlines the competitive environment in the State of Maryland. In this report you will find winning bidders, bid spreads, and the State's transportation budget. The data in this report provides helpful insight into what contractors are bidding in the Maryland transportation construction market, how competitive the market in the state is, and the size of the market will be in upcoming years.
China Transactions Insights Spring 2018Duff & Phelps
There were six U.S.-listed Chinese company going-private transactions that closed in 2017, compared to 22 transactions in 2016. Total implied equity value for 2017 closed transactions was US$7.3 billion, down from US$26.5 billion in 2016. Read more about China's transactions insights here..
2017 bcsc elfa convention 2017 with john deane moderatingJohn Deane, CEO
John Deane, CEO of The Alta Group Moderates ELFA Convention Financial Institutions Luncheon discussing prospects for growth in equipment leasing and finance.
The latest Star America Capital Advisors Transportation Report is our 9th report. This report outlines the competitive environment in the State of Virginia. In this report you will find winning bidders, bid spreads, the State's transportation budget, as well as upcoming planned transportation projects.
The document is the 2017 annual report of the Lehigh Valley Economic Development Corporation (LVEDC). It summarizes LVEDC's activities and accomplishments in 2017, including facilitating over 30 business expansion/attraction projects that created over 2,200 jobs and retained over 1,300 jobs. It also discusses LVEDC's new 3-year strategic plan and initiatives to study the regional workforce and support continued economic growth through 2020. Key stats highlighted are the Lehigh Valley GDP reaching a record $39.1 billion and its ranking as a top region by Site Selection magazine.
The Lehigh Valley saw another year of historic economic growth in 2017, which speaks to the remarkable diversity among our various economic sectors, a sign of a well-balanced and multifaceted economy.
The region’s gross domestic product has surpassed the $39 billion mark for the first time in its history. That’s more economic output from the two-county region of 665,000 people than the entire states of Vermont or Wyoming, as well as 108 other countries in the world. And while transportation and warehousing is our fastest-growing sector, manufacturing still makes up a significantly larger portion of our GDP, contributing $6.9 billion, or nearly 18 percent of the total.
We’ve tracked 31 business attraction/expansion projects either announced, under construction, or completed in the Lehigh Valley in 2017, creating more than 2,200 jobs and retaining more than 1,300. LVEDC also provided access to $17.2 million in financing in 2017, resulting in another 810 jobs either created or retained.
The document provides a progress report on several initiatives under the Road to Renaissance plan from October 2007. It summarizes the status and next steps for projects focused on mobility, aerotropolis development, the creative community, entrepreneurship, talent development, and communications. Key activities included outreach on mobility technologies, benchmarking studies for aerotropolis development, contracts to launch creative community initiatives, advocacy for entrepreneurship funding, expanding STEM education programs, and vetting the structure of a proposed news bureau.
RegTech broadly to include any technology and/or software created to address regulatory challenges and help companies understand regulatory requirements and stay compliant.
The document provides an economic update for the Denver metro area in 2010, summarizing key pieces of the economy that were affected by the recession, including consumer activity, housing, business activity, and government stimulus efforts. It analyzes data on GDP growth, consumer spending, unemployment, home sales, foreclosures, commercial real estate vacancies, and more. While some parts of the economy like consumer confidence and home prices were improving, unemployment was still rising and the full recovery remained uncertain. Government stimulus programs were helping offset state budget cuts and boost activity.
Federal spending for highways, which takes place largely through grants to state and local governments, has equaled a fairly stable percentage of gross domestic product over the past 30 years. Since 2001, that spending has exceeded the revenues from fuel and other taxes that are credited to the Highway Trust Fund for highway programs. Policymakers have various options for changing the ways in which the federal government spends on highways and raises money to fund those expenditures.
Mercer Capital's Value Focus: Construction and Building Materials | Q1 2018 |...Mercer Capital
Mercer Capital's Construction Industry newsletter provides a broad range of specialized valuation and transaction advisory services to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
President Trump’s election was about making the United States great. Part of Trump’s policies was to spend $1 trillion on infrastructure through different policies through tax policies.
This presentation looks at infrastructure in terms of where President Trump sits in terms of policies as well as how corporation are viewing tax reforms. Many corporation already look at United States based corporation like cost centers as such any sort of tax reforms will take time to work through the system.
Presentation by David E. Mosher, Assistant Director for CBO’s National Security Division, at the Professional Services Council’s 2016 Vision Federal Market Forecast Conference.
Pressure on the Department of Defense’s budget in future years will come from external fiscal constraints as well as growth within the department in the costs of weapon systems, manpower, and operation and maintenance. Given those fiscal constraints, if those causes of growth are not addressed, DoD will have to reduce forces, the number of weapons it buys, or operations and readiness.
Commercial Real Estate Outlook - November 2010NAR Research
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
The Coastal Index: The Problem and Possibility of Our CoastGNOCDC
In 2010, the Deepwater Horizon oil platform blew up and sank 45 miles from Plaquemines Parish, spilling millions of barrels of oil into the Gulf. The spill added to the ongoing deterioration of our coasts, and although it remains a working coast of national economic importance, residents are moving inland. At the same time, the billions of dollars being spent to protect and restore the coast can add to a firm economic foundation established by a long history of working and living with water. A promising “water management” sector is developing that can diversify the economy and bolster Southeast Louisiana’s sustainability for the long term.
1. The document provides financial data and statistics on various economic indicators such as stock market performance, government spending, credit card debt, unemployment rates, and home ownership.
2. Key points include that the S&P 500 gained over 8% in the final 6 months of the previous bull market, the average stock market decline during past bear markets is 34%, and credit card debt in the US reached over $1 trillion in February 2017.
3. The document also notes that 16% of student loan borrowers hold over half of the $1.3 trillion in total student loan debt, Salt Lake City has the lowest unemployment rate among large cities while Cleveland has the highest, and 2 in 5 homeowners ages 65-
The Congressional Budget Office briefing discusses projections for the US budget and economy from 2018 to 2028. Deficits are projected to increase in the next few years before stabilizing above their 50-year average throughout the period. Real GDP growth is projected to average 1.9% over the period, with the 2017 tax act providing a temporary boost averaging 0.7% annually. Accumulating deficits will cause federal debt held by the public to rise from 78% of GDP currently to 96% by 2028, the highest level since 1946.
Mercer Capital's Value Focus: Construction Industry | Q2 2015Mercer Capital
Mercer Capital’s Construction Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
The document summarizes Oregon Department of Transportation (ORDOT) bidding activity and budget from 2017 to 2021. It shows that ORDOT's total proposed budget for 2018-2021 is over $2.8 billion. During 2017-3Q2018, 523 million in contracts were awarded, with the largest being a $29 million project. It also outlines ORDOT's planned expenditures by program for 2018-2021, with the National Highway Performance Program contributing $1.22 billion, or 43% of the total budget.
Star America's latest Transportation Report. This report outlines the competitive environment in the State of Oklahoma. In this report you will find bid results for ODOT projects from January 2017-June 2018 and ODOT budget highlights.
Kentucky's transportation budget and bidding activity is summarized as follows:
- The total proposed transportation budget for Kentucky from 2016-2020 was over $12.3 billion according to the Kentucky Transportation Cabinet. Highway construction received the largest portion at $6.5 billion.
- In FY2018, the largest single project awarded was $81 million and there were 18 projects over $10 million and 9 over $20 million awarded. The total value of contracts let was $1.13 billion.
- Mountain Enterprises Inc. had the most bids submitted in FY2018 at 97 while ATS Construction was the most successful bidder, winning $300 million in contracts.
Please enjoy our seventh transportation report. This report outlines the competitive environment in the State of Maryland. In this report you will find winning bidders, bid spreads, and the State's transportation budget. The data in this report provides helpful insight into what contractors are bidding in the Maryland transportation construction market, how competitive the market in the state is, and the size of the market will be in upcoming years.
China Transactions Insights Spring 2018Duff & Phelps
There were six U.S.-listed Chinese company going-private transactions that closed in 2017, compared to 22 transactions in 2016. Total implied equity value for 2017 closed transactions was US$7.3 billion, down from US$26.5 billion in 2016. Read more about China's transactions insights here..
2017 bcsc elfa convention 2017 with john deane moderatingJohn Deane, CEO
John Deane, CEO of The Alta Group Moderates ELFA Convention Financial Institutions Luncheon discussing prospects for growth in equipment leasing and finance.
The latest Star America Capital Advisors Transportation Report is our 9th report. This report outlines the competitive environment in the State of Virginia. In this report you will find winning bidders, bid spreads, the State's transportation budget, as well as upcoming planned transportation projects.
The document is the 2017 annual report of the Lehigh Valley Economic Development Corporation (LVEDC). It summarizes LVEDC's activities and accomplishments in 2017, including facilitating over 30 business expansion/attraction projects that created over 2,200 jobs and retained over 1,300 jobs. It also discusses LVEDC's new 3-year strategic plan and initiatives to study the regional workforce and support continued economic growth through 2020. Key stats highlighted are the Lehigh Valley GDP reaching a record $39.1 billion and its ranking as a top region by Site Selection magazine.
The Lehigh Valley saw another year of historic economic growth in 2017, which speaks to the remarkable diversity among our various economic sectors, a sign of a well-balanced and multifaceted economy.
The region’s gross domestic product has surpassed the $39 billion mark for the first time in its history. That’s more economic output from the two-county region of 665,000 people than the entire states of Vermont or Wyoming, as well as 108 other countries in the world. And while transportation and warehousing is our fastest-growing sector, manufacturing still makes up a significantly larger portion of our GDP, contributing $6.9 billion, or nearly 18 percent of the total.
We’ve tracked 31 business attraction/expansion projects either announced, under construction, or completed in the Lehigh Valley in 2017, creating more than 2,200 jobs and retaining more than 1,300. LVEDC also provided access to $17.2 million in financing in 2017, resulting in another 810 jobs either created or retained.
The document provides a progress report on several initiatives under the Road to Renaissance plan from October 2007. It summarizes the status and next steps for projects focused on mobility, aerotropolis development, the creative community, entrepreneurship, talent development, and communications. Key activities included outreach on mobility technologies, benchmarking studies for aerotropolis development, contracts to launch creative community initiatives, advocacy for entrepreneurship funding, expanding STEM education programs, and vetting the structure of a proposed news bureau.
RegTech broadly to include any technology and/or software created to address regulatory challenges and help companies understand regulatory requirements and stay compliant.
Thomvest Ventures Real Estate Tech Review, Fall 2019Thomvest Ventures
The document provides an overview of the real estate technology landscape. It notes that real estate is the largest asset class in the US, worth over $33 trillion, but has historically lacked technology investment, creating opportunities. It then discusses the size and inefficiencies of the US residential real estate market. The document outlines the growth of venture capital investment and increasing round sizes in real estate tech. It analyzes the evolution of business models and categories with compelling investment opportunities, such as companies improving the home buying process and developing novel financing models.
The document provides a critique of the City of Portland, Oregon's FY 2014-2015 adopted budget. It finds that the budget follows best practices recommended by the Government Finance Officers Association (GFOA), including establishing broad goals, developing financial plans to achieve goals, developing a budget consistent with plans, and monitoring performance. The budget is highly transparent, defines terms, and clearly shows funding allocations with graphs. It adheres to GFOA's four-part budget process and monitors goals quantitatively. The only minor critique is a suggestion to provide more project-level details.
Public Private Partnerships - State of the Market and the Future of P3'sJonathan Hunt
This document discusses public-private partnerships (P3s) for infrastructure projects in the United States. It notes that America's infrastructure received a poor grade and an estimated $4.6 trillion is needed for repairs by 2025. P3s are growing in popularity as a way to efficiently finance and deliver infrastructure projects. However, the US still has a large funding gap for infrastructure needs across many sectors like transportation, water, and schools. The Trump administration aims to address this through proposals to expand funding programs that support P3s like TIFIA and private activity bonds.
Chapter 1 IntroductionIn The High Cost of Free Parking, Dr. Danie.docxsleeperharwell
Chapter 1: Introduction
In The High Cost of Free Parking, Dr. Daniel Shoup explains how free parking is engraved in people’s expectations (Shoup, 2005). As vehicle usage rapidly increased in the 1920s and 1930s, regulations were quickly enforced, requiring businesses to provide sufficient parking for their clientele. These early regulations were adopted nearly a century ago aiming to alleviate congestion caused by moving vehicles searching for parking spaces. Moving forward to current years, such regulations established an expectation of access to free, or nearly free parking. This expectation has caused several problems, particularly in high traffic urban areas. Hopeful of finding an affordable and convenient parking location, individuals continue to drive around an area, wasting time, fuel, raising safety concerns, and increasing traffic. Additionally, because local governments have chosen to provide relatively affordable pricing, once a parking location is found, drivers do not have a financial incentive to vacate the location in an expedient manner that improves turnover. Throughout the years, this issue has become undeniably prevalent, primarily in highly populated cities with limited parking availability.
The City of San Diego is the eighth largest city in the United States (“Population | Economic Development | City of San Diego Official Website,” n.d.), and is comprised of more than 50 neighborhoods. The current population is over 1.4 million people and has a steep increase forecasted. The San Diego Association of Governments (SANDAG) estimates the population to reach 1.54 million by 2020, 1.69 million by 2030, 1.82 million by 2040, and nearly 2 million by 2050 (nearly doubling the current population) (“Population | Economic Development | City of San Diego Official Website,” n.d.). San Diego is home to several beaches, sports teams, universities, and is geographically rich; the city is also known for their weather and proximity to neighboring Mexico. Among other reasons, San Diego is best known as “America’s Finest City”, and has become a popular destination for tourists and new residents. More than 35 million tourists visit San Diego annually (“Industry Research,” n.d.).
San Diego faces a constrained parking situation due to limited public transit and a car-to-parking-location ratio; this is additionally challenged by the thriving tourist economy resulting from the moderate San Diego climate. According to Data USA, the average San Diego household owns two cars and uses them regularly as their primary mode of transportation (“San Diego, CA,” n.d.). According to Shoup (2011), over 80% of trips in the United States are made by car, while less than two percent leverage public transportation.
Downtown San Diego, which is a very active and popular destination among both residents and tourists, encompasses roughly 1,450 acres (2.3 square miles) next to the San Diego Bay and San Diego International Airport (Downtown.
Private equity and venture capital activity in the Midwest increased in the fourth quarter of 2017. The Bridgepoint Midwest Private Equity Index rose 13.0% year-over-year, while the Venture Capital Index grew 5.9% over the same period. Both indices saw increased transaction volumes and median deal sizes. Several sectors saw rising deal numbers, such as healthcare, information technology, and industrials. Overall, private investment in the Midwest regained momentum after declines in prior quarters, though valuations remained elevated.
This document provides a literature review and methodology for conducting a return on investment analysis of the Speer Boulevard Grade Separation project undertaken by the City and County of Denver in the 1990s. The literature review discusses public transportation investments, return on investment analysis methodology, and taxes related to property that are relevant to the analysis. The methodology section outlines collecting tax revenue data from reports, adjusting values to reflect 2012 dollars using the consumer price index, and using exponential smoothing to forecast future revenues. The analysis will examine costs of the project compared to tax revenues from real estate, business property, occupational privilege, sales, and use taxes to calculate the financial return to the city from the transportation infrastructure investment.
This document provides an overview of First Financial Bankshares Inc. for the first quarter of 2017. It includes the following key points:
- First Financial is a $6.9 billion financial holding company headquartered in Abilene, Texas with 127 years of history and operations across 11 regions.
- The company has received several awards and recognitions for its financial education and community programs.
- It has a unique regional banking model with consolidated back-office operations but regional presidents running local operations.
- Recent acquisitions and growth have expanded the company's footprint in high-growth areas like the DFW and Houston regions.
- Executive management and regional leadership have extensive experience in the banking
Mercer Capital's Bank Watch | July 2019 | Bank M&A Mid-Year UpdateMercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2018 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Public Construction Overviews - 2Q 2018Jonathan Hunt
The latest Star America Capital Advisors summary of U.S. based publicly traded construction companies. This presentation includes Q3 2018 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, Construction Partners Inc., Emcor, MYR Group, Limbach, and Orion Group Holdings.
International Contractor Overviews Q3 2017Jonathan Hunt
The latest Star America Capital Advisors summary of international construction companies. This presentation includes Q3 2017 financial highlights and news from the following contractors: Acciona, ACS, Ferrovial, OHL, Sacyr, and Skanska.
Public Construction Company Overviews Q3 2017Jonathan Hunt
The latest Star America Capital Advisors summary of U.S. based publicly traded construction companies. This presentation includes Q3 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, MYR Group, and Orion Group Holdings.
International Contractor Overviews Q2 2017Jonathan Hunt
The latest Star America Capital Advisors summary of International Construction Companies. This presentation includes 1H 2017 financial highlights and news from the following contractors: Acciona, ACS, Ferrovial, OHL, Sacyr, Skanska, and Vinci.
Public Construction Company Overviews 1H 2017Jonathan Hunt
The latest Star America Capital Advisors summary of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, MYR Group, and Orion Group Holdings.
Public Construction Company Overviews Q1 2017Jonathan Hunt
The latest in Star America Capital Advisors' summaries of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
International Contractor Overviews Vol. 1Jonathan Hunt
Star America Capital Advisors have developed a database of financial highlights for major construction contractors. The following presentation is Volume 1 of our International Contractor Overview presentations. The document provides a concise financial summary of the following companies: Vinci, Skanska, Ferrovial, OHL, and Astaldi.
Star America Capital Advisors have developed a succinct summary of publicly traded construction companies based in the United States. The following presentation summarizes financial highlights of the following U.S. based contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
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1. Sources: US Census Bureau, IDOT bid lettings, IDOT Statewide Transportation Improvement Program FY 2018-2021, Illinois State Budget
WWW.STARAMERICAP.COM • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100
Illinois Department of Transportation:
2017 Summary & Analysis
According to the U.S. Census Bureau's 2016 population estimate, Illinois is the 5th most populous state in the United States.
Since the 2010 Census, Illinois’ population has experienced a slight decrease in population of 0.2%, which ranks 49th
among all states in population growth. According to Illinois Department of Transportation (“IDOT”), the total proposed
transportation budget for 2018 is more than $4 Billion, dedicated exclusively toward Illinois transportation.
The table on the left below highlights the 2017 YTD bidding activity on IDOT and Illinois Tollway projects larger than $2
Million. The largest project during the period was an $82M project won by Kraemer North America. There were a total of 20
projects larger $10M and 8 projects over $20M. A total of 13 contractors won jobs over $10M. UCM Inc. (3), Plote
Construction (3), Lorig Construction (2), Civil Constructors, Inc. (2), Judlau Contracting (2) all won multiple contracts larger
than $10 Million during this period. The top five contractors won 49% of all work during the January 2017 - August 2017
period. Lorig Construction Company was the most active during this period submitting a total of 40 bids, with 14 low bids
for a total of $102M in low-bid value.
The table on the right below highlights the average margin of victory by letting period between first and second place bidders
on these projects, with the most competitive period being August with an average margin of victory of 4.5% and the most
active period being January with a total of 25 projects awarded. August was the least active period with only 9 projects.
The graph on the left shows the total number of bidders
for IDOT projects larger than $2 Million from January
2017 through August 2017. The median number of
bidders on projects is 3. More than 25% of projects had
3 bidders (23 projects, 26%). There were 14 projects
(16%) that had only 1 bidder.
The graph to the right shows the Available Funding and
Proposed Program Expenditures for IDOT from 2018-2021 in
the Illinois Statewide Transportation Improvement Program for
2018-2021. Transportation Operations contribute to the
highest percentage of the total budget at $13.2 Billion (79%)
for the 4 year period. Capital Projects account for a total of
$3.5 Billion (20.8%). The major source of funding for the
budget were Local Funds, contributing $8 Billion over the 4
year period (47%). Other sources include Federal Funding
($2.9 Billion, 17% and State Funding ($6 Billion, 35%).
transportation Budget.
IDOT Proposed Budget 2018-2021
TOTAL RESOURCES: FY2018 FY2019 FY2020 FY2021 Total
Federal Funding 719 714 797 715 2,945
State Funding 1,468 1,503 1,538 1,579 6,088
Local Funds 2,078 1,877 2,060 1,951 7,966
TOTAL RESOURCES 4,265 4,094 4,395 4,245 16,999
USE OF FUNDS:
Operating
MPOs – TIPs 3,152 3,251 3,332 3,418 13,153
Rural-Small Urban 70 76 82 90 318
Capital
MPOs – TIPs 1,033 756 969 725 3,483
Rural-Small Urban 8 8 9 9 34
Statewide 2 3 3 3 11
TOTAL USES 4,265 4,094 4,395 4,245 16,999
Top 15 Construction Contractors by Bid Value (YTD 2017)* Margin of Victory (YTD 2017)*
Bidder
Total 1st
Place Bids Total Bids Win %
Winning
Bid Value
# of Projects w/
Multiple Bidders
Average Win
Margin
1 LORIG CONSTRUCTION COMPANY 14 40 35.0% 102,013,202
January 25 6.3%
2 UCM INC. 14 20 70.0% 89,605,083
3 KRAEMER NORTH AMERICA, LLC 1 1 100.0% 82,377,377
March 17 8.6%
4 PLOTE CONSTRUCTION, INC. 10 27 37.0% 71,698,428
5 HOWELL PAVING, INC. 5 5 100.0% 69,275,088
April 21 11.1%
6 ACURA INC. 1 10 10.0% 30,526,324
7 D. CONSTRUCTION, INC. 10 23 43.5% 27,893,946
June 24 9.2%
8 IROQUOIS PAVING CORPORATION 5 7 71.4% 24,674,018
9 CIVIL CONSTRUCTORS, INC. 2 5 40.0% 22,420,641
August 9 4.5%
10 KANKAKEE VALLEY CONSTRUCTION 2 2 100.0% 22,119,360
11 KENNY CONSTRUCTION COMPANY 1 4 25.0% 21,184,721
Weighted Average 8.8%
12 JUDLAU CONTRACTING, INC. 2 8 25.0% 31,157,421
13 HERLIHY MID-CONTINENT COMPANY 4 11 36.4% 18,127,990
14 SIERRA BRAVO CONTRACTORS, LLC 3 7 42.9% 16,017,156
15 E. T. SIMONDS CONSTRUCTION 5 9 55.6% 12,775,915
14
20
23
15
18
0
10
20
30
1 2 3 4 5+
NumberofProjects
Number of Bidders per Project
Competition Summary
* Includes IDOT & Illinois Tollway Projects
larger than $2 Million
2. Why We Are Different Star America Global Reach
Focused Strictly on Infrastructure
• Management has years of experience in the Infrastructure
Industry
• Solely focused on advising public and private clients in the
Infrastructure/Construction sector
Broad Range of Advisory Services
• M&A, Project Financing, Strategic Consulting, Restructuring,
Executive Placement, and Financial Analysis
• All Industry Sub-Sectors
Experience in All Major Infrastructure Markets
• Star America has worked in all infrastructure markets,
including Civil Construction, Vertical Building, Public-Private
Partnerships, Industrial
Business Development
Mergers & Acquisitions PPP Financial Advisory
Management Consulting
Capital Raising Strategic & Financial Analysis
Star is well qualified to assist clients in developing their
business plans in the U.S. Given the depth of experience of its
partners and operating professionals, the company offers
access to thought leadership of C-Level executives.
We have a strong track record in both domestic and cross-
border M&A advisory roles. We operate both negotiated
processes and auctions, assist in deal structuring, and provide
impartial advice about the merits of transactions in our industry
of focus.
Star provides financial advisory services to companies and
consortia seeking to participate in alternative procurement
processes. We advise on debt capital raising in the bank and
bond markets, and help structure competitive bids for our
clients.
We work with clients to formulate and pursue strategic and
tactical goals. Star provides true business solutions, including
identifying potential management hires, developing and
implementing marketing plans, and increasing operational
efficiencies.
We maintain contacts at banks, hedge funds, equipment
finance companies, and other financial firms. These are
sources of capital for clients desiring funds for expansionary
capital expenditures or general operating cash flow needs.
Industry analytics form the core of a successful financing or
business development strategy. With our significant industry
knowledge, we assess companies’ current and projected
financial and competitive positions to provide actionable
recommendations. We have the capacity to provide
comprehensive financial analysis as well as contractor
prequalification solutions, allowing contractors to properly vet
lower tiers and improve overall capital strength.
Star America Capital Advisors, LLC
Services Overview
Service Offerings
Disclaimer:
This material is for informational purposes only. It should not be relied on for any other purposes. The goal of this report is to help market
participants critically asses each state's expected infrastructure budgets and competitive environment.
WWW.STARAMERICAP.COM • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100