Engineering Inc. - Spring 2020 - 24
company. "I also recommend never saying 'when we return
to normal,' because we all now know it is never going to be
'normal' again!"
Kenneth Smith, CEO at T. Baker Smith, says his firm has
been "blessed" despite experiencing a 30 percent reduction
in business since the beginning of the year, combined with
plummeting oil prices, which has crippled the Louisiana area's
economy. As a result, the firm initiated cost-cutting measures
including hourly workweek reductions for staff. "I even cut my
salary 25 percent-setting the bar for possible future salary cuts
if needed," he says.
"No employee has the virus, but we do have three of their
family members that do," Smith adds. "Remote working has
already been a huge part of our firm since Hurricane Katrina.
We are still busy and appear to be functioning."
Smith says his firm received much-needed funding from the
Small Business Administration's Paycheck Protection Program
loan. "This is a great liquidity injection for our firm and has
finally given me some level of stability in our business," he says.
"We anticipate our
health, science and
research, and tech
segments to grow as
global supply chains
diversify and flex to be
less dependent upon more traditional
networks."
ERIC KEEN
CHAIRMAN AND CEO
HDR
24
ENGINEERING INC.
SPRING 2020
"Remote working has
already been a huge
part of our firm since
Hurricane Katrina. We
are still busy and appear
to be functioning."
KENNETH SMITH
CEO
T. BAKER SMITH
COVID-19 MARKETPLACE IMPACT
Apart from workplace health concerns and the economic
downturn, Member Firm leaders also foresee post-COVID-19
changes to major engineering markets and even how firms
procure and deliver services.
In response to the stalled economy, Congress passed a series
of funding measures such as the Coronavirus Preparedness and
Response Supplemental Appropriations Act, which provided
$8.3 billion in emergency funding for federal agencies to
respond to the coronavirus outbreak, and the Coronavirus Aid,
Relief, and Economic Security Act-a $2 trillion coronavirus
relief bill, which included a $1,200 stipend to each American
making $75,000 a year or less. The bill also provided $500
billion in loans or investments to businesses, states, and
municipalities. More funding relief is being considered.
Firm leaders, however, also are focusing on the postCOVID-19 marketplace.
Ott believes the greatest areas of change for his firm will
involve digital sales, project delivery, recruitment, and design
solutions.
"We will need to look at alternative design solutions based
on a post-COVID-19 world," he says. "Retail spaces may need
Engineering Inc. - Spring 2020
Table of Contents for the Digital Edition of Engineering Inc. - Spring 2020
Engineering Inc. - Spring 2020
Contents
FROM ACEC TO YOU
MARKET WATCH
ACEC RESEARCH INSTITUTE
LEGISLATIVE ACTION
THE PRIVATE SIDE
PROMOTING A MORE DIVERSE INDUSTRY
COVID-19 ESSENTIAL SERVICES
EXAMINING THE POST-COVID-19 WORKPLACE
ACEC HOLDS VIRTUAL BOARD MEETING
2020 NATIONAL ENGINEERS WEEK
REBOOTING CAREERS
SURVEYING & GIS INNOVATIONS
PHILANTHROPIC FUN
MEMBER ORGANIZATION PROFILE: ACEC/NC
ACEC/PAC NOTCHES ANOTHER RECORD YEAR
IN THE NEWS
MERGERS AND ACQUISITIONS
MEMBERS IN THE NEWS
BUSINESS INSIGHTS
Engineering Inc. - Spring 2020 - Intro
Engineering Inc. - Spring 2020 - Engineering Inc. - Spring 2020
Engineering Inc. - Spring 2020 - Cover2
Engineering Inc. - Spring 2020 - Contents
Engineering Inc. - Spring 2020 - 2
Engineering Inc. - Spring 2020 - 3
Engineering Inc. - Spring 2020 - FROM ACEC TO YOU
Engineering Inc. - Spring 2020 - 5
Engineering Inc. - Spring 2020 - MARKET WATCH
Engineering Inc. - Spring 2020 - 7
Engineering Inc. - Spring 2020 - ACEC RESEARCH INSTITUTE
Engineering Inc. - Spring 2020 - 9
Engineering Inc. - Spring 2020 - LEGISLATIVE ACTION
Engineering Inc. - Spring 2020 - 11
Engineering Inc. - Spring 2020 - THE PRIVATE SIDE
Engineering Inc. - Spring 2020 - 13
Engineering Inc. - Spring 2020 - PROMOTING A MORE DIVERSE INDUSTRY
Engineering Inc. - Spring 2020 - 15
Engineering Inc. - Spring 2020 - 16
Engineering Inc. - Spring 2020 - 17
Engineering Inc. - Spring 2020 - COVID-19 ESSENTIAL SERVICES
Engineering Inc. - Spring 2020 - 19
Engineering Inc. - Spring 2020 - 20
Engineering Inc. - Spring 2020 - 21
Engineering Inc. - Spring 2020 - EXAMINING THE POST-COVID-19 WORKPLACE
Engineering Inc. - Spring 2020 - 23
Engineering Inc. - Spring 2020 - 24
Engineering Inc. - Spring 2020 - 25
Engineering Inc. - Spring 2020 - ACEC HOLDS VIRTUAL BOARD MEETING
Engineering Inc. - Spring 2020 - 27
Engineering Inc. - Spring 2020 - 2020 NATIONAL ENGINEERS WEEK
Engineering Inc. - Spring 2020 - 29
Engineering Inc. - Spring 2020 - REBOOTING CAREERS
Engineering Inc. - Spring 2020 - 31
Engineering Inc. - Spring 2020 - 32
Engineering Inc. - Spring 2020 - 33
Engineering Inc. - Spring 2020 - 34
Engineering Inc. - Spring 2020 - SURVEYING & GIS INNOVATIONS
Engineering Inc. - Spring 2020 - 36
Engineering Inc. - Spring 2020 - 37
Engineering Inc. - Spring 2020 - 38
Engineering Inc. - Spring 2020 - 39
Engineering Inc. - Spring 2020 - PHILANTHROPIC FUN
Engineering Inc. - Spring 2020 - 41
Engineering Inc. - Spring 2020 - 42
Engineering Inc. - Spring 2020 - 43
Engineering Inc. - Spring 2020 - MEMBER ORGANIZATION PROFILE: ACEC/NC
Engineering Inc. - Spring 2020 - 45
Engineering Inc. - Spring 2020 - 46
Engineering Inc. - Spring 2020 - 47
Engineering Inc. - Spring 2020 - ACEC/PAC NOTCHES ANOTHER RECORD YEAR
Engineering Inc. - Spring 2020 - 49
Engineering Inc. - Spring 2020 - 50
Engineering Inc. - Spring 2020 - 51
Engineering Inc. - Spring 2020 - IN THE NEWS
Engineering Inc. - Spring 2020 - 53
Engineering Inc. - Spring 2020 - MERGERS AND ACQUISITIONS
Engineering Inc. - Spring 2020 - 55
Engineering Inc. - Spring 2020 - MEMBERS IN THE NEWS
Engineering Inc. - Spring 2020 - 57
Engineering Inc. - Spring 2020 - 58
Engineering Inc. - Spring 2020 - 59
Engineering Inc. - Spring 2020 - BUSINESS INSIGHTS
Engineering Inc. - Spring 2020 - Cover3
Engineering Inc. - Spring 2020 - Cover4
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