Engineering Inc. - November/December 2014 - (Page 30)

Business Insights EJCDC Publishes Groundbreaking Public-Private Partnership Agreement Public-private partnerships (P3s) have been effective in leveraging private sector expertise, resources and financing to achieve needed public sector improvements. To address P3 contract needs, the Engineers Joint Contract Documents Committee (EJCDC)-comprising ACEC, ASCE and NSPE-has just published its first standard P3 contract form, the EJCDC P3-508, Public-Private Partnership Agreement. The new EJCDC P3-508 agreement is drawn from dozens of P3 agreements already in use-and refined with the advice of P3-experienced owners, attorneys, financiers, developers, contractors and design professionals in the United States and abroad. The P3-508 presents a variety of contractual conditions typical in P3 agreements, and is flexible to meet the needs of most public and private entities. It is an essential resource for any firm considering the P3 project delivery model. Visit www.acec.org/bookstore and click the "Contracts" link for EJCDC P3-508 and the full library of EJCDC documents. New Business Practice Tool for Land Development, Site/Civil and Geo-Technical Firms In most jurisdictions, land development professionals must certify a wide array of items from final design approval through construction completion. Often these certifications are included in the scope of work with corresponding compensation. ACEC's Land Development Coalition (LDC) recently released its new tool, LDC 1C-2: Ethics in Certifications and Sealing/Stamping for Land Development Services. It presents guidelines on the ethical approach to completing certifications and sealing/stamping documents or drawings, including the important considerations of state guidelines and requirements and the professional's expertise and experience. LDC publications concentrate on the following areas: (1) marketing and business development; (2) project management; (3) financial management; (4) risk management; and (5) staffing. Each focus area includes worksheets and sample documents for engineers working in land development to use in the daily running of their firms and/or projects. 30 ENGINEERING INC. NOVEMBER / DECEMBER 2014 All ACEC LDC-developed tools and sample agreement are available for downloading at www.acec.org/bookstore. Getting a Good Grip on A/E Financial Management Financials are the lifeblood of every business organization, yet too many A/E professionals do not fully understand how their company's financials work or the vital information they contain. Gaining knowledge and fluency with basic accounting tools is the key to sound decision-making-and growing a successful business. ACEC's program Essentials of A/E Financial Management, Valuation and Transition Planning, to be held Nov. 13-14, 2014, in San Antonio, Texas, explores the impact that a still-volatile economy has on financial management beyond revenue, profits, backlog and staff size. Participants will learn to how to extract and apply key financial measures such as breakEssentials of A/E Financial Management, Valuation, Transition Planning, and even overhead rate, target billing Mergers and Acquisitions multiplier and labor utilization percentage. Attendees will examine various performance, liquidity and leverage ratios, and how to benchmark these results with an eye toward shareholder value and the valuation's relationship to internal owner transition planning. The program covers the financial aspects of various forms of transition planning. Visit the ACEC Education website www.acec.org/ education/seminars for more information. November 13-14, 2014 * San Antonio, TX Get Real About Your Company's Financial Metrics with Information You Can Understand and Use! Engineers' RCEP REGISTERED CONTINUING EDUCATION PROGRAM ACEC's Business Resources and Education Department provides comprehensive and accessible business management education for engineering company principals and their staffs. Visit ACEC's online educational events calendar at www.acec.org/calendar/index.cfm or bookstore at www.acec.org/bookstore, or call 202-347-7474, ext. 324, for further information. http://www.acec.org/bookstore http://www.acec.org/bookstore http://www.acec.org/education/seminars http://www.acec.org/education/seminars http://www.acec.org/calendar/index.cfm http://www.acec.org/bookstore

Table of Contents for the Digital Edition of Engineering Inc. - November/December 2014

Engineering Inc. - November/december 2014
Contents
From ACEC to You
Legislative Action
Market Watch
Meet the Millennials
What a Deal
Savings in the Sky
Guest Column
Business Insights
Members in the News
Mergers and Acquisitions

Engineering Inc. - November/December 2014