The Engineering Business Index (EBI) compiled by the American Council of Engineering Companies has now fallen for five straight quarters, registering a composite score of 62.4 — which means that it remains firmly in positive territory.
The EBI charts the health of the engineering industry through member responses to a series of questions about company performance and market trends, consolidated into a single number. Any number over 50 indicates expansion.
The survey found that the CEOs found the most growth potential in the sector “Smart Infrastructure/Smart Cities” — the use of digital technologies to enhance the quality and performance of infrastructure/urban services — followed by “Renewable Energy Production, Transmission, and Storage” and “Climate Change Resiliency.”
Engineers working on construction projects should look for opportunities to incorporate energy-efficient designs in their projects — and to earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact our Engineering Services Group at 888-897-5445 or via email at the following link, and find out what Concord can do.
