The Zweig Letter Special Issue: 2010 AEC Industry Outlook.
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The memo discusses recent economic indicators and the state of the commercial real estate market recovery. It urges caution about expectations for strong third quarter growth, as early 2010 growth was boosted by temporary factors. The recovery in the job market and property market is progressing more slowly than the downturn, and full recovery to pre-recession employment levels is not expected until 2013. The construction sector slowdown is expected to surpass that of the early 1990s due to limited development financing. While vacancy rates increased only slightly in the second quarter, slower future growth is anticipated as temporary boosts fade.
The document provides an update on the Equity Income Portfolio strategy for year-end 2008. It discusses how 2008 was an extraordinarily difficult year for financial markets, with most major indexes experiencing declines of 30-40%. While the portfolio fared better than indexes with a decline of 18%, it was still the portfolio's first negative year since inception in 2000. The outlook provided expects a long and difficult economic downturn, with stock market valuations not bottoming until 2015-2020 when price-to-earnings ratios reach single digits. The update reviews the portfolio holdings and dividend payments received in 2008.
This document discusses key factors in retirement planning, including increased life expectancy, inflation, declining pensions, and health care costs. It outlines 5 steps for retirement planning: 1) set goals, 2) estimate expenses, 3) determine resources, 4) estimate savings needed, and 5) make adjustments if savings are insufficient. The document emphasizes starting to save early, maximizing tax-deferred savings plans, diversifying investments, and seeking professional financial planning assistance.
The survey results show that Swiss business leaders in China have become more confident after 2009, despite a gloomy global economic outlook. A high 70% of the 62 business leaders surveyed expect to outperform competitors and industry growth rates in China in 2009. Their highest concerns are the global economic slowdown and increasing costs, but few worry about financing or headquarters support. Confidence levels are higher for the next 5 years than 2009. Most participants expect aggregate industry growth of 14.2% in 2009 and to outperform this rate themselves.
2012 Economic and Stock Market Outlook - Dec. 2011RobertWBaird
Risk on S&P 500 to 1000, reward to 1400. Election and European debt uncertainties are dominant risks in first half. Headwinds could abate later in year. GDP outlook limited to 2% growth due to lack of income gains. Europe in recession. Volatility unlikely to decrease; manage portfolios for risk and return.
The document awards KA KUI TSE for their work in May 2016. The Editors of the journal ENERGY & BUILDINGS, published by Elsevier in Amsterdam, Netherlands, presented the award. The document provides brief recognition for an achievement but does not include further details about the recipient or nature of the award.
El documento presenta las fuentes de investigación que generan ideas, incluyendo leer libros, ver televisión y conversar con otras personas. Explica que investigar lo que otros han hecho ayuda a ser innovador, estructurar ideas a través de fuentes bibliográficas e investigaciones previas, y seleccionar la perspectiva principal analizando la información de diversas formas.
The memo discusses recent economic indicators and the state of the commercial real estate market recovery. It urges caution about expectations for strong third quarter growth, as early 2010 growth was boosted by temporary factors. The recovery in the job market and property market is progressing more slowly than the downturn, and full recovery to pre-recession employment levels is not expected until 2013. The construction sector slowdown is expected to surpass that of the early 1990s due to limited development financing. While vacancy rates increased only slightly in the second quarter, slower future growth is anticipated as temporary boosts fade.
The document provides an update on the Equity Income Portfolio strategy for year-end 2008. It discusses how 2008 was an extraordinarily difficult year for financial markets, with most major indexes experiencing declines of 30-40%. While the portfolio fared better than indexes with a decline of 18%, it was still the portfolio's first negative year since inception in 2000. The outlook provided expects a long and difficult economic downturn, with stock market valuations not bottoming until 2015-2020 when price-to-earnings ratios reach single digits. The update reviews the portfolio holdings and dividend payments received in 2008.
This document discusses key factors in retirement planning, including increased life expectancy, inflation, declining pensions, and health care costs. It outlines 5 steps for retirement planning: 1) set goals, 2) estimate expenses, 3) determine resources, 4) estimate savings needed, and 5) make adjustments if savings are insufficient. The document emphasizes starting to save early, maximizing tax-deferred savings plans, diversifying investments, and seeking professional financial planning assistance.
The survey results show that Swiss business leaders in China have become more confident after 2009, despite a gloomy global economic outlook. A high 70% of the 62 business leaders surveyed expect to outperform competitors and industry growth rates in China in 2009. Their highest concerns are the global economic slowdown and increasing costs, but few worry about financing or headquarters support. Confidence levels are higher for the next 5 years than 2009. Most participants expect aggregate industry growth of 14.2% in 2009 and to outperform this rate themselves.
2012 Economic and Stock Market Outlook - Dec. 2011RobertWBaird
Risk on S&P 500 to 1000, reward to 1400. Election and European debt uncertainties are dominant risks in first half. Headwinds could abate later in year. GDP outlook limited to 2% growth due to lack of income gains. Europe in recession. Volatility unlikely to decrease; manage portfolios for risk and return.
The document awards KA KUI TSE for their work in May 2016. The Editors of the journal ENERGY & BUILDINGS, published by Elsevier in Amsterdam, Netherlands, presented the award. The document provides brief recognition for an achievement but does not include further details about the recipient or nature of the award.
El documento presenta las fuentes de investigación que generan ideas, incluyendo leer libros, ver televisión y conversar con otras personas. Explica que investigar lo que otros han hecho ayuda a ser innovador, estructurar ideas a través de fuentes bibliográficas e investigaciones previas, y seleccionar la perspectiva principal analizando la información de diversas formas.
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
Business & technology and managing such changes...Evan Vitale
Business and technology represent two sides of a coin as presented by Evan Vitale. Evan Vitale suggests you improve or redesign your business strategies appropriately with various technological changes.
This document lists MINI Countryman vehicles and parts for sale, including a reconditioned 2017 engine, an interior part, and a new Countryman Coupe vehicle.
Learn English language in Hyderabad with IIAFL the best English coaching institute in Hyderabad having most talented and experienced staff to train you in the language.English is widely common language all over the world.It is a bridge to culture languages and so on. It is official language of about 60 sovereign states. It is the third most common native language in the world. It's dialects vary from one region to another up-to some extend and is the leading language of international discourse.
This document provides an introduction and overview of the present continuous, present perfect, and present perfect continuous tenses in English. It begins with definitions and examples of how to form sentences in the present continuous tense, including using the present continuous to talk about future plans. It then covers the present perfect tense, providing examples of forming sentences and using question words. Finally, it discusses the present perfect continuous tense, including how to indicate time frames using words like "since" and "for". The document provides practice exercises correcting example sentences for each tense.
12 reasons why you should change your accountant today?Simon Howitt
We have produced this E book for you to help guide your thinking about changing your
accountant or at the very least reviewing the value of that supplier, in terms of their quality
and effectiveness of service and advice they provide for you – for the price they charge.
El documento presenta una serie de problemas de algoritmos y complejidad computacional, incluyendo problemas de sistemas de inventario, redes sociales, predicción del clima, división de números, reconocimiento facial, comparación de grafos, autómatas finitos, expresiones booleanas y subconjuntos. Para cada problema, se solicita información sobre las entradas, salidas, esquema de solución, tipo de problema y complejidad.
Lógica e Matemática Computacional - Exercícios 01thomasdacosta
Este documento presenta 14 expresiones lógicas proposicionales con diferentes conectivos como conjunción, disyunción, negación, implicación y equivalencia. También solicita resolver las tablas de verdad de estas expresiones de acuerdo con el tipo de conectivo utilizado en cada una. El documento es parte de un curso de Lógica y Matemática Computacional y fue escrito por el profesor Thomás da Costa.
File Share Server, FTP server on Linux SuSE and WindowsTola LENG
-Install and configure Services
-Configure Suse Linux for FTP File Share Server
-Configure Permission
- Configure Point IP address to specific users.
- FTP Acccess
This document discusses Linux kernel crash capture and analysis. It begins with an overview of what constitutes a kernel crash and reasons crashes may occur, both from hardware and software issues. It then covers using kdump to capture virtual memory cores (vmcores) when a crash happens, and configuring kdump for optimal core collection. Finally, it discusses analyzing vmcores after collection using the crash utility, including commands to inspect system information, backtraces, logs, and more.
“Ironically, if central bank ‘financial repression’ continues to work and increases
economic growth, we will likely see markedly higher bond yields by year-end
following intervention by the Fed to rein in stimulus as unemployment falls.“
Bob Grant provides a summary of comments made by Jeffrey DeBoer to Congress about the struggling state of the commercial real estate industry. Key points include: refinancing capacity presents an ongoing risk to property values as $300-500B in commercial real estate loans will mature annually through 2020; capitalization rates have increased 250 basis points while rents have declined 20% depending on property type; the lack of transactions makes it hard to accurately value properties; and regulatory flexibility is needed to restructure loans and allow banks to extend performing loans based on cash flow to avoid foreclosures. Michigan in particular continues to struggle more than other states with industrial vacancies over 13% and expected retail vacancy increases of 2% and rent declines of 4%
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It contains the following key points:
1) The industrial market in Sydney is expected to see continued growth in demand for larger warehouse facilities, while smaller warehouses may face pressure on rental rates and occupancy.
2) Across Australia, capital values in the industrial sector are forecast to remain stable in 2012, while business lending costs are expected to rise.
3) The Canberra industrial market is predicted to see steady demand driven by the housing construction sector, with investors remaining cautious and owner-occupiers supporting values.
4) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local factors will
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It discusses that:
1) The Sydney industrial market will continue to see demand shift towards larger warehouse facilities, while smaller warehouses and unit estates will face pressure on rental rates and vacancy due to low business confidence.
2) The Canberra industrial market is generally stable, but saw rents and values fall in late-2011 due to a slowing construction sector. Rents are expected to remain flat in 2012 while investors remain cautious and owner-occupiers support the market.
3) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local knowledge will be important to navigate the risks, such as potential
Fl 2d Distressed Resi Real Estate Symp 17nov08spodvin
This was an incredible event -- the Florida Second Distressed Real Estate Symposium. I moderated one panel discussion on which Stephen Rosenberg, member of the North Carolina Banking Commission and I debated the impact of the shadow inventory on absorption, sales prices and rental rates.
R Finpro Pulse 09 Survey In Construction 090306 FinalAttila Debreczeni
The document summarizes findings from a survey of construction sector managers in Central and Southeast Europe conducted in February 2009. It finds that the sector performance is expected to decline across the region due to major problems in obtaining financing from banks. However, some opportunities are seen in public infrastructure projects funded by EU funds or private investments in more stable markets.
Business Times_Leading the way_ 9 November 2009 Service Sector Growth In...PeopleWorldwide Singapore
The document discusses how services will play a key role in driving Singapore's economic growth in 2010. It contains opinions from several business leaders who agree that as manufacturing declines, services such as financial services, IT, healthcare, tourism, and professional services will be important drivers of growth. As Singapore's economy becomes more reliant on services, businesses will need to focus on improving service quality and standards to remain competitive.
The document provides a summary and analysis of the payments system industry for Q2 2010. It notes the significant impacts of the Gulf oil spill and impending Dodd-Frank and Durbin regulations. Prepaid card companies are scrambling to meet CARD Act requirements, while the segment avoided the full impact of new laws. One prepaid company filed for bankruptcy. Green Dot moved ahead with plans for an IPO and bank acquisition. Predictions for 2010 are reviewed, with mobile payments and barcodes showing more adoption.
1. The document provides a summary and analysis of trends in the payments system industry for Q2 2012.
2. It notes that new mobile payment schemes that eliminate checkout lanes proliferated in the quarter, with two launched by merchants and two by third parties. Intuit also acquired a company involved in checkout lane disruption.
3. Industry players to watch that are discussed include Visa, MasterCard, ISIS, the CFPB, and Groupon due to various regulatory issues, partnerships, and acquisitions.
The newsletter provides an update on the economic environment and its impact on the erosion control industry. It discusses the effects of higher fuel prices and disappointing tax cuts on business budgets. However, it maintains that economic downturns are normal cycles that will pass in time. The newsletter also highlights the growth of erosion control techniques like low-impact design to reduce stormwater runoff. Finally, it acknowledges the credit squeeze and job losses contractors may face but again stresses that the industry will recover from this difficult period.
December 2011 The Year Past The Year Ahead drumbaugh
This document provides a summary of the economic conditions and outlook for Ventura County in 2011 and 2012. Some key points:
- Unemployment remains high at 10.1% but is trending downward. Housing sales have plateaued and foreclosures continue to be an issue.
- While some businesses have downsized or left the county, others have opened new facilities bringing jobs. The economy is looking a little brighter with some sectors beginning to hire again.
- Things to watch in 2012 include the impact of defense budget cuts on the naval base, uncertainty around changes to the Panama Canal, and challenges in the bio-tech industry following layoffs at Amgen.
- Educational institutions are facing budget
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
Business & technology and managing such changes...Evan Vitale
Business and technology represent two sides of a coin as presented by Evan Vitale. Evan Vitale suggests you improve or redesign your business strategies appropriately with various technological changes.
This document lists MINI Countryman vehicles and parts for sale, including a reconditioned 2017 engine, an interior part, and a new Countryman Coupe vehicle.
Learn English language in Hyderabad with IIAFL the best English coaching institute in Hyderabad having most talented and experienced staff to train you in the language.English is widely common language all over the world.It is a bridge to culture languages and so on. It is official language of about 60 sovereign states. It is the third most common native language in the world. It's dialects vary from one region to another up-to some extend and is the leading language of international discourse.
This document provides an introduction and overview of the present continuous, present perfect, and present perfect continuous tenses in English. It begins with definitions and examples of how to form sentences in the present continuous tense, including using the present continuous to talk about future plans. It then covers the present perfect tense, providing examples of forming sentences and using question words. Finally, it discusses the present perfect continuous tense, including how to indicate time frames using words like "since" and "for". The document provides practice exercises correcting example sentences for each tense.
12 reasons why you should change your accountant today?Simon Howitt
We have produced this E book for you to help guide your thinking about changing your
accountant or at the very least reviewing the value of that supplier, in terms of their quality
and effectiveness of service and advice they provide for you – for the price they charge.
El documento presenta una serie de problemas de algoritmos y complejidad computacional, incluyendo problemas de sistemas de inventario, redes sociales, predicción del clima, división de números, reconocimiento facial, comparación de grafos, autómatas finitos, expresiones booleanas y subconjuntos. Para cada problema, se solicita información sobre las entradas, salidas, esquema de solución, tipo de problema y complejidad.
Lógica e Matemática Computacional - Exercícios 01thomasdacosta
Este documento presenta 14 expresiones lógicas proposicionales con diferentes conectivos como conjunción, disyunción, negación, implicación y equivalencia. También solicita resolver las tablas de verdad de estas expresiones de acuerdo con el tipo de conectivo utilizado en cada una. El documento es parte de un curso de Lógica y Matemática Computacional y fue escrito por el profesor Thomás da Costa.
File Share Server, FTP server on Linux SuSE and WindowsTola LENG
-Install and configure Services
-Configure Suse Linux for FTP File Share Server
-Configure Permission
- Configure Point IP address to specific users.
- FTP Acccess
This document discusses Linux kernel crash capture and analysis. It begins with an overview of what constitutes a kernel crash and reasons crashes may occur, both from hardware and software issues. It then covers using kdump to capture virtual memory cores (vmcores) when a crash happens, and configuring kdump for optimal core collection. Finally, it discusses analyzing vmcores after collection using the crash utility, including commands to inspect system information, backtraces, logs, and more.
“Ironically, if central bank ‘financial repression’ continues to work and increases
economic growth, we will likely see markedly higher bond yields by year-end
following intervention by the Fed to rein in stimulus as unemployment falls.“
Bob Grant provides a summary of comments made by Jeffrey DeBoer to Congress about the struggling state of the commercial real estate industry. Key points include: refinancing capacity presents an ongoing risk to property values as $300-500B in commercial real estate loans will mature annually through 2020; capitalization rates have increased 250 basis points while rents have declined 20% depending on property type; the lack of transactions makes it hard to accurately value properties; and regulatory flexibility is needed to restructure loans and allow banks to extend performing loans based on cash flow to avoid foreclosures. Michigan in particular continues to struggle more than other states with industrial vacancies over 13% and expected retail vacancy increases of 2% and rent declines of 4%
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It contains the following key points:
1) The industrial market in Sydney is expected to see continued growth in demand for larger warehouse facilities, while smaller warehouses may face pressure on rental rates and occupancy.
2) Across Australia, capital values in the industrial sector are forecast to remain stable in 2012, while business lending costs are expected to rise.
3) The Canberra industrial market is predicted to see steady demand driven by the housing construction sector, with investors remaining cautious and owner-occupiers supporting values.
4) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local factors will
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It discusses that:
1) The Sydney industrial market will continue to see demand shift towards larger warehouse facilities, while smaller warehouses and unit estates will face pressure on rental rates and vacancy due to low business confidence.
2) The Canberra industrial market is generally stable, but saw rents and values fall in late-2011 due to a slowing construction sector. Rents are expected to remain flat in 2012 while investors remain cautious and owner-occupiers support the market.
3) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local knowledge will be important to navigate the risks, such as potential
Fl 2d Distressed Resi Real Estate Symp 17nov08spodvin
This was an incredible event -- the Florida Second Distressed Real Estate Symposium. I moderated one panel discussion on which Stephen Rosenberg, member of the North Carolina Banking Commission and I debated the impact of the shadow inventory on absorption, sales prices and rental rates.
R Finpro Pulse 09 Survey In Construction 090306 FinalAttila Debreczeni
The document summarizes findings from a survey of construction sector managers in Central and Southeast Europe conducted in February 2009. It finds that the sector performance is expected to decline across the region due to major problems in obtaining financing from banks. However, some opportunities are seen in public infrastructure projects funded by EU funds or private investments in more stable markets.
Business Times_Leading the way_ 9 November 2009 Service Sector Growth In...PeopleWorldwide Singapore
The document discusses how services will play a key role in driving Singapore's economic growth in 2010. It contains opinions from several business leaders who agree that as manufacturing declines, services such as financial services, IT, healthcare, tourism, and professional services will be important drivers of growth. As Singapore's economy becomes more reliant on services, businesses will need to focus on improving service quality and standards to remain competitive.
The document provides a summary and analysis of the payments system industry for Q2 2010. It notes the significant impacts of the Gulf oil spill and impending Dodd-Frank and Durbin regulations. Prepaid card companies are scrambling to meet CARD Act requirements, while the segment avoided the full impact of new laws. One prepaid company filed for bankruptcy. Green Dot moved ahead with plans for an IPO and bank acquisition. Predictions for 2010 are reviewed, with mobile payments and barcodes showing more adoption.
1. The document provides a summary and analysis of trends in the payments system industry for Q2 2012.
2. It notes that new mobile payment schemes that eliminate checkout lanes proliferated in the quarter, with two launched by merchants and two by third parties. Intuit also acquired a company involved in checkout lane disruption.
3. Industry players to watch that are discussed include Visa, MasterCard, ISIS, the CFPB, and Groupon due to various regulatory issues, partnerships, and acquisitions.
The newsletter provides an update on the economic environment and its impact on the erosion control industry. It discusses the effects of higher fuel prices and disappointing tax cuts on business budgets. However, it maintains that economic downturns are normal cycles that will pass in time. The newsletter also highlights the growth of erosion control techniques like low-impact design to reduce stormwater runoff. Finally, it acknowledges the credit squeeze and job losses contractors may face but again stresses that the industry will recover from this difficult period.
December 2011 The Year Past The Year Ahead drumbaugh
This document provides a summary of the economic conditions and outlook for Ventura County in 2011 and 2012. Some key points:
- Unemployment remains high at 10.1% but is trending downward. Housing sales have plateaued and foreclosures continue to be an issue.
- While some businesses have downsized or left the county, others have opened new facilities bringing jobs. The economy is looking a little brighter with some sectors beginning to hire again.
- Things to watch in 2012 include the impact of defense budget cuts on the naval base, uncertainty around changes to the Panama Canal, and challenges in the bio-tech industry following layoffs at Amgen.
- Educational institutions are facing budget
HCLT Whitepaper: Insurance~ The market will contract not collapseHCL Technologies
The insurance market will surely contract, but it will not collapse. Consumers and companies will still require risk management - albeit, the number of buyers are fewer. Some of the now marginal mid-tier and small carriers may be acquired, or simply fail. Prices will flatten, and rate increases will be needed to raise capital, but the size will be restrained by the contracting economy. However, most insurance industry leaders think that we will be in that contraction through the first half of 2010. With that return to expansion, the industry will still be confronted with the challenges/ opportunities discussed in my last two missives - expanded demand for more sophisticated products and
the need for time-to-market agility while managing losses and expenses.
The document discusses M&A opportunities during economic downturns. It notes that while M&A activity declined sharply in 2008 and 2009 due to the financial crisis, downturns can present opportunities for acquisitive companies to reshape industries. The number and value of deals dropped significantly after the bankruptcy of Lehman Brothers in September 2008. However, the capital markets have started to stabilize in 2009, and never letting a crisis go to waste, some companies are already seizing transformational M&A opportunities during this period.
The document discusses how companies that achieve the top position ("top dog") in their sector tend to underperform relative to other companies in that sector over time. It finds that on average, the top dog in each sector lags the sector average by 3.5% in the following year, 3.9% over 3 years, and 3.3% per year for the next decade. This "too big to succeed" phenomenon may be partly due to increased scrutiny from competitors, politicians, and the public when a company becomes the sector leader. The document also finds some evidence that top dog underperformance is worse during periods of larger government spending and regulation.
Managed accounts can provide demonstrable value according to the document. The document discusses how an investment manager, Empire Builder, aims to scale investments to new levels and create lasting value for families over time through a risk-appropriate approach. It also notes that the current environment requires a dynamic portfolio management style due to increased market volatility and complexity. The document promotes several investment strategies and products from Auroch that are aimed at achieving clients' goals through a structured approach focused on research, advice, process, people, and portfolio structure.
You may have thought zombies were only ever in horror movies, but some economists are increasingly talking about an invasion of ‘zombie’ companies in the UK economy, threatening to obstruct a return to stronger GDP growth.
August 2009 The Credit Crunch Is Dead, Long Live The Credit Crunchgatelyw396
The credit crunch is not over despite government efforts - banks are still restricting credit for small businesses and individuals through actions like lowering credit limits, raising interest rates, and tightening loan standards. While large banks have rebounded thanks to government bailout money, they are not passing this relief to smaller customers, continuing to strangle the economy. The systemic issues that led to the crisis also remain unaddressed. Business owners are struggling with less access to credit and personal guarantees now required for business loans, leaving them wary of investing or hiring during this uncertain time.
Here are three key things to consider when evaluating stocks:
1. Competitive advantages: Look for companies that have sustainable competitive advantages known as "economic moats" that allow them to fend off competition and earn above-average returns on invested capital over the long run. There are five main sources of economic moats: intangible assets, switching costs, network effects, cost advantages, and efficient scale.
2. Management team: A great management team is able to execute a company's business strategy and make decisions that enhance shareholder value over time. Consider a management's track record, compensation structure, and whether their interests are aligned with shareholders.
3. Valuation: Determine a company's fair value based on
The document provides a summary and analysis of the payments industry for Q2 2011. It notes that fewer than 50 financial institutions have adopted same-day ACH processing despite its availability over a year ago. EMV chip-and-PIN solutions have seen broad acceptance internationally but limited adoption in the US. Mobile payments are growing in Europe and Asia but seeing only limited rollouts in the US. The author predicts major retailer profits will grow in the second half of 2011 due to factors other than the Durbin Amendment, and that two alternative payments schemes will fold or be sold due to losing their pricing advantage over debit. Google's mobile payments plans faced delays raising questions about its leadership in the space.
Is this a good timefor your firm to enter the federal market?
View the Slide to learn more.
In order to participate in our latest webinars,kindly visit us at www.zweigwhite.com for details.
R&D Tax CreditsR & D Tax Credits:Claim what you deserveZweigWhite
The document summarizes an event presented by alliantgroup on R&D tax credits. alliantgroup is a national consulting firm focused on supporting CPA firms with government incentive programs. The event featured several speakers with expertise in R&D tax credits, including Sonny Grover of alliantgroup, Justin DiLauro of alliantgroup, and Dean Zerbe, National Managing Director of alliantgroup. The presentation provided background on R&D tax credits and discussed qualifying expenses, credit calculations, and state opportunities.
It’s Lonely at the Top:Exit Strategy Alternatives for Sole Owners and PartnersZweigWhite
The document discusses various exit strategy options for sole owners and partners of design and construction businesses looking to retire. It covers internal transition options like direct stock purchases, employee stock ownership plans, and leveraged recapitalizations. It also discusses the current merger and acquisition environment and considerations for externally selling one's firm. Owners are encouraged to understand their motivations, prepare financially and organizationally, and seek expert guidance to navigate ownership transitions.
Creating the environment for a profitable organization begins with those that lead and deliver your projects. At the core of what firms do, strategically and intelligently executing projects from proposal to solution fuels growth, creates opportunities, and sustains a strong commitment to your team and your clients. Project Managers are the caretakers of your professional service. Through training based on best practices, they can lead their team to superior outcomes.
A/E Project Management Optimization is a three-part webinar series that will help you understand the conditions in your firm that may be hindering the process, and will present strategies to facilitate excellence at all levels using practical, real-world examples and best practices used by the top firms in the industry.
This Presentation is part three of the entire series.
To puchase the entire series,kindly click on the below link:
http://www.zweigwhite.com/p-792-ae-project-management-optimization-series.aspx
Creating the environment for a profitable organization begins with those that lead and deliver your projects. At the core of what firms do, strategically and intelligently executing projects from proposal to solution fuels growth, creates opportunities, and sustains a strong commitment to your team and your clients. Project Managers are the caretakers of your professional service. Through training based on best practices, they can lead their team to superior outcomes.
A/E Project Management Optimization is a three-part webinar series that will help you understand the conditions in your firm that may be hindering the process, and will present strategies to facilitate excellence at all levels using practical, real-world examples and best practices used by the top firms in the industry.
This Presentation is part one of the entire series.
To puchase the entire series,kindly click on the below link:
http://www.zweigwhite.com/p-792-ae-project-management-optimization-series.aspx
Creating the environment for a profitable organization begins with those that lead and deliver your projects. At the core of what firms do, strategically and intelligently executing projects from proposal to solution fuels growth, creates opportunities, and sustains a strong commitment to your team and your clients. Project Managers are the caretakers of your professional service. Through training based on best practices, they can lead their team to superior outcomes.
A/E Project Management Optimization is a three-part webinar series that will help you understand the conditions in your firm that may be hindering the process, and will present strategies to facilitate excellence at all levels using practical, real-world examples and best practices used by the top firms in the industry.
This Presentation is part two of the entire series.
To puchase the entire series,kindly click on the below link:
http://www.zweigwhite.com/p-792-ae-project-management-optimization-series.aspx
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
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Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
2. 2 Issue 843: December 21, 2009
Editorial Business trends to watch in 2010
From page 1
6. Some sort of national health care
> Watch out for these six major trends in project pipelines, some firms have been
impacting the AEC industry this year.
reform will pass early in the year and clear forced to lay off staff members and power-
the way for health care institutions to ZweigWhite recently released its annual down their offices to cut costs while they
start spending real money on facilities AEC Industry Outlook: Strategy and Insight wait for the situation to improve. At the
once again. for Design & Construction Firms report, same time, the cost of providing benefits
and while the outlook isn’t as rosy as some to employees continues to climb. Both of
7. The college and university market will previous years’, it’s not these problems are being addressed on a
once again be one of the strongest sectors > Trends the gloom and doom of a national level, and look for the outcomes
for our industry. With recovering endow- year ago. Firm leaders are of action taken by Congress and the
ment portfolios, combined with increasing somewhat more optimistic overall about Obama administration to change the face
enrollments (unemployed or underem- their prospects in 2010 than they were of business in the wider economy, as well
ployed people tend to go back to or stay in heading into 2009, but it’s not going to be as within this industry, in 2010.
school), it has to bode well. easy for many reasons, not least of which
8. The Green Movement, led by firms is continuing uncertainty in the U.S. > What’s Ahead
such as Wal-Mart, will create entirely new economy. 1%
service lines for A/E/P and environment This year, we are tracking six major trends 7%
15%
firms that want to pursue it. 2010 will be that will affect the AEC industry over the
the year of “green.” next 12 months:
9. Other strong markets will be airports ■ Economic uncertainty 38%
and aviation facilities, roads and bridges,
■ The American Recovery &
nuclear power (it’s back!), and many fed- 40%
eral government sectors. Weak markets Reinvestment Act of 2009 and other
will be office and retail, K-12 (who can government intervention
Expectations of business performance
pass a tax increase?), and almost anything ■ Unemployment and health care in 2010
industrial other than warehouse and
■ Mixed merger & acquisition activity Outstanding . . . . . . . . . . . . . . . . . . . . .1%
distribution.
■ Globalization of the AEC industry Excellent . . . . . . . . . . . . . . . . . . . . . . .15%
10. Popular management and wealth-
building book authors will issue sequels ■ Green building Good . . . . . . . . . . . . . . . . . . . . . . . . . .40%
such as Who Moved my Cheese, Again?, ■ Economic uncertainty. The past 15
Satisfactory . . . . . . . . . . . . . . . . . . . . .38%
Good to Great to Mediocre, and The months have been very difficult for the Poor . . . . . . . . . . . . . . . . . . . . . . . . . . . .7%
Millionaire Who Used to Live Next Door, U.S. economy, as a result of the “Great Source: AEC Industry Outlook: Strategy
in attempts to revitalize their own careers. Recession” that began in December 2007. and Insight for Design & Construction
Firms
11. And, finally, Tiger Woods will prove, While many economists are now declaring
once again, what an incredible athlete he the recession officially over and many of
really is, as mistress #’s 17, 18, and 19 the most-watched economic indicators are ■❄The American Recovery & Reinves-
(identical triplets) present themselves and improving, 2010 may still be a difficult tment Act of 2009 and other government
tell their story to the world. The seeming- year as the recovery progresses weakly, intervention. In 2008 and 2009, we saw a
ly endless stream of Tiger love partners will especially in light of trend # 2, a still very series of unprecedented government mea-
keep Oprah from going through with her high unemployment rate. sures aimed at improving the health of the
planned retirement in 2011. ■ Unemployment and health care. On economy. These bills and initiatives—
Dec. 4, the Bureau of Labor Statistics most notably the American Recovery and
So there you have it. My crystal ball is
released new unemployment figures that Reinvestment Act of 2009 (ARRA), the
overheating and getting a little cloudy...
showed a slight improvement to America’s stimulus bill— provided opportunities for
so I have to put it back into the sock
soaring unemployment problem, with the the AEC industry, but also caused some
drawer until this time next year. Good
national rate dropping to 10%. However, headaches. Only about 25% of the bill’s
luck, All— you will need it in 2010. ■
that figure is still one of the highest the appropriations have been awarded so far,
MARK ZWEIG is the founder of so look for this bill to continue to influ-
U.S. has experienced since the recession
ZweigWhite. Contact him with questions ence the building and construction sectors
began. And the AEC industry has not
or comments at mzweig@zweigwhite.com. in 2010 and beyond as more of the provi-
been immune. In response to the drop-off
sions are enacted. A possible second stim-
The Zweig Letter Visit us at: www.zweigwhite.com
ZWEIGWHITE
4. 4 Issue 843: December 21, 2009
Economists see brighter days for AEC industry in 2010
> Low mortgage rates, stimulus money could down side,” he says. “We’re seeing some “With the revival of the stock market, we
spur more activity in some sectors.
improvements in the broader economy could see an increase in endowments and a
Two leading AEC economic analysts and ultimately that’s going to mean good pickup in activity in those sectors,” he
expect an uptick in work next year, things for the construction industry.” He says. Simonson also expects to see a limit-
although they warn firm leaders not to believes the recession ended somewhere in ed revival in the retail market “if I’m right
expect a return to the industry’s heyday of the June-July timeframe, but will wait for about home building,” saying new home-
only a few years ago. official word on that. owners will do increased levels of business
Ken Simonson, chief economist for at home-improvement stores and the like
The good, the bad, and the ugly in their areas.
Associated General Contractors of Simonson says he expects the pool of cash
America (AGC) (Arlington, VA), is “par- set aside for infrastructure projects in the Baker says he sees the institutional sector
tially optimistic” about American Recovery and Reinvestment Act as much stronger than the commercial sec-
> Outlook what’s to come in of 2009— about $135 billion of the $787 tor in 2010, saying he hopes designers see
2010, saying he expects billion total— to be distributed more a turnaround by the middle of the year, a
to see growth of 20% to 30% in single- feverishly this year and allay some of the timeline that would mean construction
family home building, a boost that would concerns across the AEC industry about activity would grow in 2011.
still leave that sector below its 2007 levels, the relatively paltry impact the stimulus “There’s still a hope the stimulus will do
but a significant step up nonetheless. package had in 2009, other than on high- more to turn things around than it has so
“We’ve got mortgage way projects. far,” Baker says. “These adjustments are
rates at record lows High-speed rail projects are likely to see taking time to sort themselves out.”
and home prices their first awards late next year, he says,
down, so more people and government agencies are expected to “We’re seeing some
can qualify for and be better equipped to deal with the flood improvements in the broader
afford mortgage pay- of new contracts in 2010 than they were economy and ultimately that’s
ments than ever shortly after President Barack Obama
before, even with a
going to mean good things for
Ken Simonson, signed the bill into law in February. That the construction industry.
”
Chief Economist, 10% unemployment glut of paperwork caused a backup on get-
Associated General rate,” he says. The ting the money flowing, Simonson says,
Contractors of
first-time homebuyers’ What else is on the horizon?
America calling it an unexpected “embarrassment
federal tax credit pro- Simonson says he expects a checkmark-
of riches” the agencies had never seen and shaped recovery, meaning a more gradual
gram has been extended through April 30 weren’t prepared to handle.
and expanded to give some existing home- recovery but no second dip anytime soon.
owners a $500 credit as well. The inclusion of the Buy American provi- Many economists see reason to call for a
sion in the stimulus package slowed many “W-shaped” recovery, meaning a second
Kermit Baker, chief water and wastewater projects, as contrac- dramatic drop in the economy before a
economist for the tors noted the much higher prices of mate- full recovery.
American Institute of rials in the U.S. as opposed to their usual
Architects (AIA) Baker says he expects the economic
overseas suppliers. That quandary is being turnaround to trigger more consolidation
(Washington, DC), sorted out but shouldn’t slow things down
says improvements in across the industry as the largest firms in
in 2010, Simonson says. the arena take advantage of the fear some
the broader economy
such as an anticipated State and local projects could be in the small firm owners have about the future,
Kermit Baker,
increase in the Gross worst shape, he says, since state and local even as things start to turn around.
Chief Economist,
American Institute or Domestic Product in government budgets are still dropping. “There are a lot of owners who’ll decide
Architects Also likely to struggle in 2010 are devel-
the fourth quarter of they don’t want to go through this again,”
2009 and a boost in oper-funded projects, with occupancy Baker says. “There’s a lot of evidence that
the amount of economic stimulus money rates lower than in many years at hotels, bigger can be better from the client’s per-
expected to be doled out in 2010, are good and vacancy rates in apartments and spective, and that could lead to some
starts. multi-family homes continuing to fall. opportunities to take advantage, certainly
“Six months into the recovery, there are Higher education and health care projects, some lower prices.” ■
more surprises on the upside than on the Simonson says, could go either way.
The Zweig Letter
Visit us at: www.zweigwhite.com
ZWEIGWHITE
6. 6 Issue 843: December 21, 2009
Ownership transition and leadership succession—
the planning challenge for the future
> When the time comes divest, owners have leadership while increasing the ownership documents, and closing and post-closing
two options: internal transition or external exit.
of the next generation, as well as institut- matters. The search is typically imple-
> Legal Matters All firms ing a long term program to ensure that mented with the use of an investment
face the the firm is well capitalized and not over- banking intermediary who prepares a
George challenge of leveraged. The key concern is getting the confidential memorandum describing the
Christodoulo
dealing younger generation to buy shares over seller. The seller and the intermediary
with intergenerational leadership and time at favorable purchase terms. Since profile prospective buyers, who are then
ownership. Firms that are growing pose a much of the internal purchases are fund- contacted on an anonymous basis.
more acute challenge because of the ed by bonuses and distributions, the key Interested buyers then sign a confiden-
urgent need for management talent, to success is the sustained profitability of tiality agreement and, if there is mutual
financial resources, and capital. The chal- the firm. Internal purchase programs may interest, the parties then enter into
lenge exists because firms must identify a include different levels of ownership, a discussion.
next generation of managers that has the clear understanding of the criteria for
When discussions progress between a sell-
skills and training to lead the firm’s gov- ownership, communication of an contin-
er and buyer, the parties sign a letter of
ernance, spearhead management and uing share-offering program and an
intent (sometimes called memorandum
administration, continue the firm’s ability explanation of the operation of the firm.
of understanding). This document, which
to generate business, and make the neces-
is typically nonbinding, confirms the key
sary hard decisions. Firms must fund the Once it is decided where the deal points, identifies open topics to be
exit of senior shareholders as well as firm is to go, the question of finalized and sets a timetable for closing.
growth, capital expenditures and acquisi-
how to get there and the best The deal structure of the transaction can
tions with only a limited financial com-
mechanism— internal transition be either an asset sale or share sale. The
mitment from a younger generation that
or external exit, must be components of the purchase price are
is risk-averse and less entrepreneurial
chosen and pursued. cash, promissory note, earnout and/or
than its predecessors.
shares of buyer.
The choice all firms face is to pursue The documentation for such purchases
Immediately following the execution of
either an internal transition, or an exter- includes a share purchase agreement, a
the letter of intent, due diligence of
nal exit. Internal transitions are motivat- promissory note, a share-pledge agree-
quantitative, qualitative and legal matters
ed by paternal/maternal feelings, a loyalty ment and a shareholder agreement, often
is undertaken. Simultaneously, the trans-
to key long-term employees, lack of easy with restrictive noncompetition
action documents of the purchase and
identification of third party partners, a covenants. The management succession
sale agreement and employment agree-
sense that an internal transition is simpler steps include establishing the criteria for
ments are drafted. After due diligence is
and less expensive than an external exit, selection, how to select new leaders and
completed and documents finalized, the
the fear of the unknown third party, and yet retain and motivate unsuccessful
transaction is closed, announcements
the risk of cultural changes. An external internal candidates, and how to build an
made and integration and post-closing
exit is often motivated by a goal of maxi- integrated team. New leaders need train-
business plans implemented.
mizing the price to shareholders, certain- ing and a transition period for the chang-
ty of deferred payments, and elimination ing of the guard. The role of outgoing Firm leaders and shareholders should ask
of the concern that the next generation is leadership and the composition of the where the firm is now and where is it
not capable of running the business and board of directors (including both inside going. What is the competition doing
generating the necessary funding to buy and outside directors) must be addressed. and what is the firm’s strategic plan?
out the previous generation of owners. Finally, the firm must identify its culture, Once it is decided where the firm is to
identify the management style of the cur- go, the question of how to get there and
The key elements of an internal transi-
rent leadership, the leadership style of the the best mechanism— internal transition
tion are financial arrangements (owner-
new generation, and decide which is or external exit, must be chosen and
ship), management succession and corpo-
most appropriate for the challenges facing pursued. ■
rate governance (leadership), and cultural
continuity. the firm. GEORGE CHRISTODOULO, PC,
The chronological sequence of an exter- is a senior partner at Lawson & Weitzen,
The financial challenges include decreas-
nal transition includes the partner search, LLP, Boston, MA. He can be reached at
ing the ownership of the current
purchase price/deal structure, transaction GChristodoulo@lawson-weitzen.com.
The Zweig Letter
Visit us at: www.zweigwhite.com
ZWEIGWHITE
8. 8 Issue 843: December 21, 2009
Economy solid infrastructure experience are some- Damon looks forward to the day when the
From page 1 what hard to find,” Benvie says. industry returns to its old worry of attract-
sidiary of WSP Group plc (London, ing and retaining staff. “This is why we are
Executives forecast that the economy will
United Kingdom), a 10,000-person doing everything we can to make certain
eclipse other challenges for some time.
design, engineering, and management our talented staff are treated well through
consultancy service firm. “For us, the most important issue is simply these tough times and will remain with us
business development,” says Tony Damon, when the job market improves,” he says. ■
“With fewer opportunities to pursue, the CEO at SSOE, Inc. (Toledo, OH), a 950-
margin for error is significantly less, and person architecture, engineering, and con- > Firm Index
every firm must maximize the opportunities struction management firm. While SSOE BLRB ARCHITECTS. RW ARMSTRONG.
presented to it,” Smith says. has a significant backlog of work going into Tacoma, WA. 5 Indianapolis, IN. 8
2009, Damon says, “over the course of the C|A ARCHITECTS. SSOE, INC. Toledo,
Finding those opportunities is one thing. Long Beach, CA. 5 OH. 8
Getting paid for taking advantage of year, we worked through that backlog and CUBELLIS. Boston, TECTONIC.
them— at least getting paid on a timely due to changes in capital programs by many MA. 3 Mountainville, NY. 8
of our clients, we were not able to replace FPM GROUP , WSP GROUP PLC.
basis— can be quite another. Ronkonkoma, NY. 5 London, UK. 1
the backlog at the same pace.” LAWSON & WEITZEN, Some firm names
“We’re looking at a 30-to-34% increase in
LLP Boston, MA. 6
. were omitted due
revenue in 2009, but our biggest issue has At TECTONIC, Benvie says, “the backlog to space constraints.
been cash flow,” says Roland Salman, presi- is there for 2010, but the big question is:
dent of RW Armstrong (Indianapolis, IN), Where will the backlog come from for
a 600-person global design and manage- 2011?... The most pressing issue we are fac-
ing is the shrinking markets we serve in
> Got Ideas? Talk Back
ment consulting firm. “People are holding
on to their money longer. You just have to both the public and private sector and how Bill Lewis, Senior Editor.
to remain competitive on a cost basis with- Call me at
trust that you’re working with the right
800-466-6275, ext. 262, or e-mail
clients and that you’re ultimately going to out sacrificing the quality for our work.” blewis@zweigwhite.com.
get paid.” Those shrinking markets have lead to
João Ferreira, Editor.
A year ago, following the credit meltdown increased competition, firm leaders’ second Call me at
and bank bailouts, the economy emerged as most-cited challenge. “Companies that 800-466-6275, ext. 245, or e-mail
the top challenge listed by firm leaders, but were doing private work are now shifting to jferreira@zweigwhite.com.
finding qualified staff remained the third public sector projects, and larger firms are Craig MacCormack, Senior Writer.
most important challenge listed (with the going after small and medium-type pro- Call me at 800-466-6275,
cost of health care listed as the second most jects, where you wouldn’t expect them to ext. 209, or e-mail
submit a bid,” Salman says. cmaccormack@zweigwhite.com.
pressing concern). However, as business
slowed and thousands of architects and In a continuing slump, Smith says, long-
engineers joined the ranks of the unem- term planning gives way to concern about
ployed, Smith says, “the dynamics of staff “short-term business issues.”
recruitment and retention has become less
pressing of an issue. With that said— all “I expect a similar focus” for 2010, “though
firms are focusing on retaining their key we are working to position ourselves for a The voice of reason for architecture,
staff and, as a result, highly qualified star positive change in the economy,” he says. engineering, and environmental consulting firms.
employees are still hard to come by.” “We have done this primarily by continuing Published continuously since 1992 by ZweigWhite,
Wayland, Massachusetts, USA. ISSN 1068-1310.
our marketing and sales efforts in our weak-
Donald Benvie, president and CEO of er areas, so we are properly positioned when Issued weekly (50 issues/yr.). $475 for one-year
subscription, $775 for a two-year subscription.
TECTONIC (Mountainville, NY), a 312- the market changes.” Mailing Address: The Zweig Letter
person civil, geotechnical, structural, survey, 321 Commonwealth Road, Suite 101
environmental, construction management, Those changes will come, and the economy Wayland, MA 01778
homeland security, materials testing and will recover, says SSOE’s Damon, but “we
Tel: 508-651-1559 Fax: 508-653-6522
information technology firm, agrees that anticipate it will be much slower to develop E-mail: info@zweigwhite.com
than in the past.” In the meantime, he says, Online: www.thezweigletter.com
more qualified applicants have become Twitter: twitter.com/zweigwhite
available during the economic downturn, the company plans to focus on core clients Blog: zweigwhite.blogspot.com
but that recruitment still poses some chal- and markets, “and we are looking at further Article reprints: For high-quality reprints, including
international expansion to take advantage of Eprints and NXTprints, please contact The YGS
lenges. Group at 717-399-1900, ext. 139, or e-mail
the investment being made globally by TheZweigLetter@TheYGSGroup.com.
“Project managers with five to ten years of some of our best clients.” Copyright 2009, ZweigWhite. All rights reserved.
experience and construction managers with
The Zweig Letter Visit us at: www.zweigwhite.com
ZWEIGWHITE