Deloitte: Construction cost pressures to continue in 2020

Deloitte | January 08, 2020

A new report from accounting services firm Deloitte touches on what construction pros already know: It's getting harder to make a profit in commercial building. According to the 2020 Construction and Engineering Industry Outlook, a number of factors will put extra pressure on U.S. engineering and construction companies profitability in 2020. These include increasing project complexity, competition from Asian companies, talent shortages and supply chain constraints. In addition, construction and input costs for key building materials such as steel are rising, largely driven by limited supply and tariff uncertainties. The report cites the 2019 Turner Building Cost Index, which measures costs in the nonresidential building construction market in the U.S., and noted that it increased to a value of 1177 in 4Q 2019, the highest ever in its 13-year history.

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Our UK distributor ABSSAC showing innovatie rotary and linerar products, including ETP range of course, at the annual Engineering Design Show in Coventry. A great show turnout!

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Our UK distributor ABSSAC showing innovatie rotary and linerar products, including ETP range of course, at the annual Engineering Design Show in Coventry. A great show turnout!

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Yield Engineering Systems Partners with Benchmark for Global Engineering and Manufacturing Support

Benchmark | October 10, 2022

Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it is partnering with Yield Engineering Systems (YES) to transfer the manufacturing of the YES flagship product line to its facility in Malaysia, as well as providing engineering and manufacturing support for YES's upcoming innovative modular wet process systems in the Phoenix, Arizona area. "We have developed a strong partnership with Benchmark built on trust and our combined expertise, We look forward to working closely with the team to bring our technology to a wider market, and to further expanding our footprint in the semiconductor capital equipment industry as the need for semiconductor manufacturing support continues to grow worldwide." -Ramakanth Alapati, Chief Executive Officer of YES. YES is at the leading edge of material modification and surface enhancement solutions. The company's patented technologies significantly enhance the speed, reliability, and cost-effectiveness of semiconductor production processes. YES's thermal, deposition, and wet process systems provide critical technology to semiconductor, life science, and display manufacturers large and small as they work to meet the demand for semiconductors, genomics, point of care diagnostics, and innovative displays. Benchmark's Phoenix operation will be leveraging the company's deep expertise in the semiconductor capital equipment market, including mechatronic engineering, precision machining, and sub-system assembly. The partnership comes at a critical time as the CHIPS Act has created a flurry of activity around the semiconductor industry and demand for organizations supporting the industry has risen dramatically. "YES is helping solve critical problems for their customers in the fast-growing semiconductor manufacturing industry, We're proud to be selected as their strategic partner and look forward to working hand-in-hand with their team to help bring their technology to market to meet the demand for semiconductor capital equipment." -Jeff Benck, president and CEO, Benchmark. About Benchmark Electronics, Inc: Benchmark provides comprehensive solutions across the entire product life cycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation telecommunications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE. About Yield Engineering Systems, Inc: Yield Engineering Systems, Inc. (YES) is a preferred provider of high-tech, cost-effective equipment for enhancing surfaces and materials. The company's product lines include thermal processing systems, chemical vapor deposition (CVD) systems, and wet process equipment used for the precise surface modification of semiconductor substrates, semiconductor and MEMS devices, LED displays, and bio-devices. Customers ranging from startups to Fortune 100 companies rely on YES systems to create and volume-produce innovative products in a wide range of markets. YES is headquartered in Fremont, California, with a growing global presence.

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CONSTRUCTION

Haskell's Dysruptek Makes Strategic Investment in Rhumbix

The Haskell Company | October 12, 2022

Rhumbix, the leading Construction Time & Resource Management platform helping top Commercial, Government, and Industrial contractors to track time, labor, equipment, and material utilization; announced a strategic investment from Dysruptek, the innovation and technology investment arm of the Architecture, Engineering and Construction (AEC) firm The Haskell Company. "The construction sector is facing significant headwinds in the form of labor shortages and supply chain volatility, and it's more important than ever to track and manage a company's most critical and costly resources–its labor, equipment, and materials. The Rhumbix platform helps contractors improve how they measure and manage the ROI of their human capital and equipment and material utilization, By focusing on the critical factors that affect jobsite performance, firms can gain better control over their projects and, ultimately, their bottom lines. We are fortunate to partner with innovators like Dysruptek, who share our commitment to advancing the construction and field service industries." -Zach Scheel, Co-Founder and CEO Rhumbix. Dysruptek's investment will be used to continue building out additional features and functionality in the Rhumbix platform, as well as to support the company's future growth. Rhumbix recently released its Data Explorer add-on, a no-code analytics tool that empowers customers with the ability to build and customize reports and dashboards that answer critical business questions with data and insights. "Rhumbix's focus on the field workforce has been evident since their inception, Their field-first approach to construction technology has been a strategic advantage that has paid off in terms of overall adoption and growth where it counts most, at the worker's level." -Cutler Knupp, Managing Director for Dysruptek. Founded in 2014 by Navy veterans with deep experience in the construction industry, Rhumbix's technology is the first to close the gap between the field-level workforce and management in the home office by providing readily accessible performance metrics for all project stakeholders. Rhumbix continues to drive innovation in construction technology through their time and materials management platform, said Hamzah Shanbari, Director of Innovation for The Haskell Company. By measuring current project performance across labor, materials, and equipment utilization, the industry can inform future business decisions to make construction work higher quality, safer, and more efficient. About Rhumbix: Rhumbix Time & Resource Management captures and connects your labor, equipment, and materials time utilization to save time and unlock new insights into productivity. About Dysruptek: Dysruptek identifies strategic investments in early stage technology companies with solutions to address the major challenges facing the AEC industry.

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ENGINEERING TECH, CONSTRUCTION

Tetra Tech to Acquire RPS Group to Expand its Global Operations

Tetra Tech | September 26, 2022

Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group plc (“RPS Group”) on the terms of an all-cash acquisition of RPS Group for 222 pence per share (the “Acquisition”). The Acquisition has been unanimously recommended by the Board of Directors of RPS Group. The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world. The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science® approach to address critical issues such as climate change, resiliency, and energy transformation. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling. “The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation. We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.” -Dan Batrack, Tetra Tech Chairman and CEO. Ken Lever, Non-Executive Chairman of RPS commented, The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients. “Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. I am very excited about the future of our combined company and the benefits for our people and clients. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.” -John Douglas, Chief Executive of RPS. About RPS Group: RPS Group is a public limited company registered in England and Wales. RPS Group’s shares are listed on the Official List of the London Stock Exchange. Founded in 1970 and built on a legacy of environmental and social engagement, RPS Group is a diversified and well recognized global professional services firm of approximately 5,000 talented employees. As an established technology enabled consultancy that operates across a range of sectors, RPS Group provides specialist services to government and private sector clients with a focus on front-end consulting. RPS Group creates shared value for all stakeholders by solving problems that matter in a complex, urbanizing, resource-scarce world and concentrates its expertise on the parts of project lifecycles that have the biggest impact on project outcomes with a strong sustainability agenda. RPS Group has been widely recognized in this respect, having been ranked number one in the UK for climate change and energy consulting by the Environment Analysis for 2019/2020, a top 200 environmental firm by Engineering News-Record in 2021 and recognized in 2021 as one of the first “carbon champions” by the Institution of Civil Engineers. RPS Group operates across approximately 100 offices in 12 countries, with more than 99% of its net revenue during the 2021 financial year generated from its operations in OECD countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States. About Tetra Tech: Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients.

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