Construction considered essential in many US regions

KHL Group | March 20, 2020

Construction in the US amid coronavirus precautions continues for now in most places and could indefinitely, if industry officials can persuade government to include various aspects of the industry among other essential business. Trade associations, such as the Associated General Contractors of America (AGC), the Association for Equipment Manufacturers (AEM), Associated Equipment Distributors (AED) and Equipment Dealers Association (EDA) are all advocating for various facets of construction to be exempt from existing and potential public health policies that would require work stoppages resulting in economic hardship for workers as well as numerous other negative consequences to the general economy.  On 18 March, AGC joined a host of other business groups in calling on Congress to enact a number of tax-related measures to safeguard companies, regardless of size, during the COVID-19 outbreak.

Spotlight

What are the key differences between architects and engineers? Trying to decide on the right profession can be tough. Although architects and engineers perform many parallel functions, there are many differences between the two disciplines. Some may debate the merits of each field of study, but in the end, some people are simply better at one than the other.


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ENGINEERING TECH

Engineering Firm Psomas Acquires Seattle-based Firm KPG

Psomas | January 19, 2022

Engineering consulting firm Psomas announced today it has expanded its service capabilities and geographic footprint to serve the Pacific Northwest through the acquisition of Seattle-based KPG. KPG, known for its focus on interdisciplinary design, planning and surveying, is now KPG-Psomas."We've become deeply familiar with KPG's caliber of projects, vision and broad range of planning, design and construction services, said Psomas CEO Steve Margaroni. "Plus, over the last several years, we've developed a trusting relationship with KPG, based on mentorship and our similar cultures. It's the ideal time to move forward together. KPG's 100+ employees will join forces with Psomas' employee base of 600+ in 13 offices throughout Arizona, California and Utah. KPG's talented staff adds new strengths that will complement the Psomas brand, including landscape architecture and urban design presence. "KPG is eager to join Psomas because it will allow us to grow and identify new opportunities in surveying, construction management, environmental and engineering, KPG will continue to deliver a high level of services with additional technologies and support." -KPG CEO Sessyle Asato, PE. With a strong project pipeline and a bright outlook for 2022 and beyond, this acquisition signals the strength, resilience and growth in the architecture, engineering and construction (AEC) industry. With the expanded team Psomas seeks to foster environments where team members can thrive while making a lasting impact in the communities collectively served. About Psomas Psomas is an employee-owned engineering consulting firm that serves the Western U.S. with unmatched professionalism, a broad offering of services and a first-class team of professionals. With a rich 75-year history and an eye on the future, you'll find the team mastering sustainable solutions for growing communities with projects in construction management, engineering, environmental and surveying and geospatial services. Psomas embraces a people-first culture that prioritizes work-life balance, social responsibility and a focus on growth and development. Psomas.com About KPG-Psomas KPG-Psomas is an interdisciplinary design firm with offices in Seattle, Tacoma and Wenatchee. In 32 years, KPG grew from an eight person firm to more than 100 professional design staff and became known throughout Washington as a firm that creates innovative public spaces that benefit the social fabric of the surrounding communities. Representative work includes multiple award-winning, transformative projects for the City of Redmond, design of a 20-acre park in the City of Sammamish featuring ADA-accessible pathways, and re-imagining the downtown street systems in the City of Renton.Our work places an emphasis on technically advanced projects that integrate engineering, landscape and performance building design, often with an emphasis on LEED and sustainable principles. Kpg.com

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Meta Construction Industry launched MCI token with SAAS functionality use under development

Meta Construction Industry | March 15, 2022

Meta Construction Industry - already launched its native utility token - MCI on Binance Smart Chain blockchain. Basically holding MCI allows investors to hold a stake in a growing business that is runned by experienced specialists that are working in the construction industry for more than 10 years. Why MCI 1.0 ? With each passing year, innovative technology is gaining ground in our lives. While working 20 years in the construction industry, we noticed that house designing and detailing takes way to much time. For a building of 200 apartments / offices, the average time cost takes from one year to 3 years before the project is prepared, while the project implementation period itself takes about a year. Because everything moves forward, the most precious thing in our life is time, so those 3 years is way to much. So, we, engineers had an amazing idea, why can’t design and detailing works be done within a week? With the MCI software thanks to metaverse and blockchain it is possible!! It will be a total revolution in the construction industry. We have put together an excellent team of engineers and programmers who is working on individual and commercial projects at the moment. That’s right, 1 day is enough amount of time to compile basic technical data, and the rest of the work will be done by MCI 1.0 software. The MCI team already has higher expectations as the embedded infrastructure is launched so that it can also be adapted for the installation of roads, engineering networks and much more, but lets start from the begining. We see very big potential because of the growing market. Also we can justify the statistics which will confirm the fast-growing market for which innovation is essentiall, Oxford Economics estimate the global construction market was valued at US$10.7 trillion in 2020; US$5.7 trillion of this output was in emerging markets. The global construction market is expected to grow by US$4.5 trillion between 2020 and 2030 to reach US$15.2 trillion with US$8.9 trillion in emerging markets in 2030. Meta Construction Industry launched MCI token with SAAS functionality use under development We as developers see great potential to increase and improve the technical aspects of this market. Our main goal: Our aim is to develop efficient software that can be used by structural engineers in their building design work. This would be a major time-saver in order to obtain the highest quality drawings in the shortest possible time. The system would not only provide static calculations and detailed material extract, but also allow the client to see a 3D model of the planned building, details of the building walls, etc. This would directly save the main thing we value most - time. That is why we will introduce our product to the construction market - architects, structural engineers and designers will be able to use it. By working with this application, various changes to the building drawings could be made at the same time. This would therefore particularly improve the cost of designing large projects, as the system could be used simultaneously by all project participants. Meta Construction Industry TEAM: We are planning to have more than 10 professionals contributing to this project! The main developers are experts in the construction market with more than 10 years of experience in structural building design. They have defined the main problem of their work by running their own business as the large amount of time wasted in the preparation phase of the design drawings and the 3D view. This is why their idea was born at the beginning of the pandemic and finally saw the light of day after two years of start-up development. Today, the team is forming a marketing department. The programming team and the UI/UX designers are proving successful. We are trying to group up a large group of enthusiasts and professionals in our team. Why we launched MCI token? In order to implement our idea we were looking for a different ways to get funded. The most acceptable was Crypto token launch. We set 3 different types of tokenomics that will be used for software development and community growth: 6-10% MCI 1.0 Software creation. It will be used to pay for 3d drawings, programming works and all other services that is needed in order to launch the MCI 1.0 software. 2% Marketing That part will be used for organic growth of our community by hiring marketing specialists and influencers that will spread the word about our idea. 3% Liquidity Pool. By setting this up we will assure that after every transaction our token will be more stable.

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CONSTRUCTION

Extracker to showcase innovative COR communication platform at ENR FutureTech

Extracker | June 03, 2022

Extracker, the construction industry's only change order communication platform, which supercharges manual workflows and connects companies outside of their internal-facing financial software, will exhibit its innovative COR and digital T&M Tag platform at ENR FutureTech, June 8-10 in San Francisco. ENR FutureTech is the construction industry's premier technology forum for connecting with leaders in the construction tech, architecture and engineering spaces. The two-day event will focus on exploring the latest innovations in construction technology. For general contractors, subcontractors and project owners to effectively communicate Change Orders and minimize risks, they need a digital platform that streamlines these processes. As we continue to help the industry make massive efficiency gains, digital CORs and T&M Tags are a way for every stakeholder involved, from project teams to executive leadership, to create, track and share COR data in one place." Cameron Page, founder and CEO of Extracker "Especially in times of tighter margins for the industry, Extracker provides contractors a necessary tool that creates consistency and transparency on project financials, so all stakeholders can stay up-to-date on Change Orders and cost exposure at all times." As a cloud-based software, Extracker helps contractors organize change order communication to speed up processing time, close out extra work faster, and maintain better customer relationships. This year, Extracker has announced several upgrades and integrations that will empower contractors to eliminate unnecessary risks, stay on budget and increase transparency between all stakeholders throughout the lifecycle of a project. "At Extracker, we are always evolving and finding innovative ways to better equip our customers with the tools they need." Page said. "With our presence at ENR, we want to show Innovation and IT leaders that Change Orders don't have to cause headaches or waste time. They can be finished in real time and with greater accuracy with the click of a button." About Extracker Extracker's mission is to help the commercial construction industry get extra work processed and closed faster in order to reduce risk, waste less time, and increase transparency. This is done through the industry's only Change Order Communication Platform, which supercharges extremely manual workflows and connects companies outside of their internal financial software to resolve change orders in real-time. Along with a collaborative cloud-based log, Extracker includes digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications, and more, to organize and streamline the process.

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MARKET

Verdantas Launches as an Opportunity for Engineers, Scientists & Technical Experts to Build a Better Tomorrow

Verdantas | January 05, 2022

Five leading professional service groups have come together to form a national company, which is launching under a new brand: Verdantas. Round Table Capital Partners (“RTC Partners”) launched this new venture with the acquisition of Hull & Associates, LLC (“Hull”) in July of 2020, and has since expanded the organization with the acquisitions of Duffield Associates, LLC (“Duffield”), HSW Consulting, LLC (“HSW”), GeoInsight, Inc. (“GeoInsight”) and Alden Research Laboratory, Inc.(“Alden”). Verdantas was started with a vision to build a consulting company focused on improving the world by addressing the toughest challenges facing our natural and built environments today. Over the past 18 months, Verdantas has brought together an outstanding group of consulting companies that share this common focus. The combined organization now offers a comprehensive suite of environmental, energy, water, civil infrastructure, and green and sustainable engineering services. RTC Partners brought together an experienced and accomplished executive team to support the Verdantas mission. “Nearly everything we offer as a company makes the world a better place – that’s what engineers, scientists and technical experts do – that’s how we are wired. We recognize we are contributing to a better, greener future, by collaborating with our clients and the communities where we work. We strive to do this in an atmosphere where our people can thrive and accomplish great things together, supported by a strong team culture.” -Industry veteran Gerry Salontai as Chief Executive Officer (CEO). Mr. Salontai Andra Kidd, COO of Verdantas, added, “To accomplish these ambitious goals, we must look inward, and build a people-first culture that gives our employees opportunities to work on impactful projects that will make a difference for the generations-to-come. Verdantas believes in a brighter tomorrow, and we believe getting there will require a foundation of integrity, compassion, collaboration and advanced science and expertise.” Tony Brindisi, Co-Founder and Managing Partner at RTC Partners, commented on the formation of Verdantas: We have been selective and strategic in the formation of Verdantas. Each entity that joins integrates its engineering, planning, science, and technical expertise to solve complex problems as One Great Company. These companies bring legacies of excellence and are market-leading experts in the environment and its supporting infrastructure. RTC is excited about the enormous potential for positive impact Verdantas is pursuing. Verdantas currently employs over 450 people across 26 offices, and is home to many of the top scientists, engineers and technical experts in the industry. Verdantas operates a people-first culture, concentrating on the well-being of its employees, clients, and the communities where they live and work. The platform is actively hiring across all disciplines and seeking additional companies with a strategic and cultural fit. For more information, please visit the Verdantas website at verdantas.com, and address any inquiries to Terry Reynolds, VP/Corporate Marketing and Communication (treynolds@verdantas.com, 916-889-6681) About RTC Partners RTC Partners is a private equity firm that focuses on investing in and building strong businesses with committed management teams in the professional, business, and healthcare services industries. The firm’s dedicated emphasis on human capital, combined with its thoughtful approach to both organic and inorganic opportunities, allows organizations to unlock the next stage of growth while enabling sustainable and long-term value creation for all stakeholders. RTC is actively seeking additional platform and add-on acquisitions in its targeted markets. For more information, visit rtcpartners.com.

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Spotlight

What are the key differences between architects and engineers? Trying to decide on the right profession can be tough. Although architects and engineers perform many parallel functions, there are many differences between the two disciplines. Some may debate the merits of each field of study, but in the end, some people are simply better at one than the other.

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