Chief financial officers of engineering companies underestimated the speed of the industry's post-recession recovery, but they are taking aggressive steps to rein in costs and focus on balance sheets. In a survey of 120 firms, CFOs report median growth of 2% in 2010, below the 4.5% increase they projected for the year when queried last April. They also report a 9.6% median profit margin for last year, less than the 10.7% return they had forecast a year ago. “I see the increasing role of metrics and squeezing costs,” said Paul Zofnass, president of EFCG Inc., a New York City financial
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.