Engineering Inc - January/February 2018 - 4

FROMACECTOYOU

From Tax Reform
to Infrastructure

T

he new year is a critical one for advancing ACEC's priorities, but first
we can celebrate the fact that our industry was a big winner according
to the New York Times and the Wall Street Journal in the tax reform bill
that's about to clear Congress as we go to press.
After months of hard work by ACEC's team in Washington, D.C., together
with critical engagement from thousands of our members throughout the country, we succeeded in securing our core objective of ensuring that firms of all sizes
and tax structures are treated fairly and equitably. The new tax law will lower the
corporate tax rate from 35 percent to 21 percent and provide our Member Firms
that are organized as passthroughs with a new 20 percent tax deduction. The law
preserves critical incentives for retirement and employee ownership programs, such
as ESOPs, as well as the cash method of accounting; other priorities identified by
our industry, such as protecting private activity bonds (PABs) and tax incentives
for renewable energy, were also included in the final package.
This was an exceptionally strong finish for the year, but 2017 brought other
wins to the industry: killing the Department of Labor's blacklisting and overtime
pay rules; making progress in reducing A/E liability in the FERC cybersecurity
rule; achieving go-ahead on pipeline projects and permitting reforms; expanding
QBS in pending FAA and water bills; lifting the Passenger Facility Charge cap
in pending Senate legislation that will raise more money for airport projects;
committee approval of legislation to encourage USAID to engage more U.S.
engineering firms; state DOT FAR compliance; and keeping PVC mandates out
of federal legislation.
For 2018, we now pivot to infrastructure and other related priorities. This
issue of Engineering Inc. examines prospects for infrastructure legislation (page 8),
assesses the nation's flood protection systems (page 16) and reports on how low
premiums continue to define the professional liability insurance market (page 31).
Enjoy reading Engineering Inc., which recently earned six international
(MarCom) awards for excellence-more than any other magazine in this
global competition!
And here's wishing you and your family a safe and prosperous New Year.

Sergio A. Pecori
ACEC Chairman

David A. Raymond
ACEC President & CEO

ENGINEERINGINC.
THE OFFICIAL PUBLICATION OF THE
AMERICAN COUNCIL OF ENGINEERING COMPANIES
AMERICAN COUNCIL OF ENGINEERING COMPANIES
CHAIRMAN
PRESIDENT & CEO
VICE PRESIDENT,
OPERATIONS

Sergio A. Pecori
David A. Raymond
Mary Ann Emely

VICE PRESIDENT,
GOVERNMENT AFFAIRS

Steven Hall

VICE PRESIDENT,
BUSINESS RESOURCES
AND EDUCATION

Marie Ternieden

DIRECTOR, COMMUNICATIONS
AND MEDIA

Alan D. Crockett

STAFF EDITOR

Andrea Keeney
akeeney@acec.org
202-682-4347

SENIOR COMMUNICATIONS
WRITER

Gerry Donohue

ACEC PUBLIC RELATIONS AND
EDITORIAL ADVISORY COMMITTEE
CHAIRMAN

Mary Stiff

IMAGINATION

Tim Gregorski
Jeff Kibler
PROJECT DIRECTOR Amy Stephenson Fabbri
MANAGING EDITOR

ART DIRECTOR

ADVERTISING SALES

Leo Hoch
ACEC
1015 15th Street, NW, 8th Floor
Washington, D.C. 20005-2605
202-682-4341
lhoch@acec.org

Engineering Inc., Volume 29, Number 1 (ISSN 1539-2694), is published
bi-monthly by the American Council of Engineering Companies (ACEC),
1015 15th Street, NW, 8th Floor, Washington, D.C. 20005-2605. Periodicals
postage paid at Washington, D.C., and at additional mailing offices. Annual
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POSTMASTER: Send address changes to Engineering Inc., c/o ACEC,
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© 2018 American Council of Engineering Companies. All rights reserved. This
publication may be copied, downloaded from the ACEC website, stored in
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and information purposes. ACEC expressly disclaims any liability for damages
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the ACEC Membership Department at memberservice@acec.org or call 202347-7474 and ask for Member Records.

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Table of Contents for the Digital Edition of Engineering Inc - January/February 2018

Engineering Inc - January/February 2018
Contents
From Acec to You
Market Watch
2018 Legislative Outlook: Infrastructure Up Next
Legislative Action
Flood Protection Analysis
Innovative Restorations
What Happens After the Merge?
A Buyer’s Market With a Hint of Change
Help Desk to Board Room
A Green Machine
Mergers and Acquisitions
Members in the News
Business Insights
Engineering Inc - January/February 2018 - Intro
Engineering Inc - January/February 2018 - Engineering Inc - January/February 2018
Engineering Inc - January/February 2018 - Cover2
Engineering Inc - January/February 2018 - Contents
Engineering Inc - January/February 2018 - 2
Engineering Inc - January/February 2018 - 3
Engineering Inc - January/February 2018 - From Acec to You
Engineering Inc - January/February 2018 - 5
Engineering Inc - January/February 2018 - Market Watch
Engineering Inc - January/February 2018 - 7
Engineering Inc - January/February 2018 - 2018 Legislative Outlook: Infrastructure Up Next
Engineering Inc - January/February 2018 - 9
Engineering Inc - January/February 2018 - 10
Engineering Inc - January/February 2018 - 11
Engineering Inc - January/February 2018 - 12
Engineering Inc - January/February 2018 - 13
Engineering Inc - January/February 2018 - Legislative Action
Engineering Inc - January/February 2018 - 15
Engineering Inc - January/February 2018 - Flood Protection Analysis
Engineering Inc - January/February 2018 - 17
Engineering Inc - January/February 2018 - 18
Engineering Inc - January/February 2018 - 19
Engineering Inc - January/February 2018 - 20
Engineering Inc - January/February 2018 - Innovative Restorations
Engineering Inc - January/February 2018 - 22
Engineering Inc - January/February 2018 - 23
Engineering Inc - January/February 2018 - 24
Engineering Inc - January/February 2018 - 25
Engineering Inc - January/February 2018 - What Happens After the Merge?
Engineering Inc - January/February 2018 - 27
Engineering Inc - January/February 2018 - 28
Engineering Inc - January/February 2018 - 29
Engineering Inc - January/February 2018 - 30
Engineering Inc - January/February 2018 - A Buyer’s Market With a Hint of Change
Engineering Inc - January/February 2018 - 32
Engineering Inc - January/February 2018 - 33
Engineering Inc - January/February 2018 - 34
Engineering Inc - January/February 2018 - 35
Engineering Inc - January/February 2018 - 36
Engineering Inc - January/February 2018 - 37
Engineering Inc - January/February 2018 - Help Desk to Board Room
Engineering Inc - January/February 2018 - 39
Engineering Inc - January/February 2018 - 40
Engineering Inc - January/February 2018 - 41
Engineering Inc - January/February 2018 - A Green Machine
Engineering Inc - January/February 2018 - 43
Engineering Inc - January/February 2018 - 44
Engineering Inc - January/February 2018 - 45
Engineering Inc - January/February 2018 - 46
Engineering Inc - January/February 2018 - 47
Engineering Inc - January/February 2018 - Mergers and Acquisitions
Engineering Inc - January/February 2018 - 49
Engineering Inc - January/February 2018 - Members in the News
Engineering Inc - January/February 2018 - 51
Engineering Inc - January/February 2018 - Business Insights
Engineering Inc - January/February 2018 - Cover3
Engineering Inc - January/February 2018 - Cover4
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