Related Links: U.S. District court 2014 ruling on Geosyntec Consulting R&D tax credit claim 11th Circuit Appellate ruling: Geosyntec Consultants Inc. vs. USA KPMG Review of Eleventh Circuit decision In a ruling that observers say adds new clarity to how judges and the Internal Revenue Service see company bids for federal research-and-development tax credits based on perceived contract risk in doing research, an Atlanta federal appellate court on Jan. 29 backed the government's claim that one firm's work was all client-funded and didn’t qualify for a refund.The ruling by the 11th U.S. Circuit Court of Appeals against Atlanta-based Geosyntec Consultants
Related Links: Overview of KPMG Review WSP Global Snags Prize with $1.35-Billion Bid for Parsons Brinckerhoff to Parent Balfour Beatty UK's Balfour Beatty Is Set to Sell P3 Assets British contractor Balfour Beatty tapped a new chief financial officer to aid CEO Leo Quinn's effort to restore the firm's sagging balance sheet as it copes with a $105-million profit shortfall—its sixth in two years—and a critical outside review of bidding and risk management in its U.K. construction business.HarrisonIn late January, Balfour Beatty named finance executive Philip Harrison as CFO but did not disclose his start date. U.K. reports say he
George J. Pierson has had his share of kudos for engineering the sale last October of global design firm giant Parsons Brinckerhoff in what many consider an impressive $1.35-billion deal.
John J. Struzziery knew it wasn't going to be easy to design a solution for Cambridge, Mass., to meet mandated federal water-quality upgrades and stormwater-runoff control in a tight, state-owned urban space.
Related Links: Q&A with Callison CEO John Jastrem Sweetened Offer Seals ARCADIS Buy of UK Engineer Hyder for $476 Million JastremHolland-based global engineer ARCADIS NV reached out to two executives with experience largely outside the construction industry in selecting the new chiefs of its Colorado-based North American business, announced on Jan. 15.The firm named John Jastrem and Joachim Ebert as CEO and chief operating officer, respectively, of that unit, to replace the retiring Gary Coates, who was in both roles. Since 2011, Jastrem had been chairman and CEO of Callison Architecture Holding LLC, which he assumed from a previous
AP photo Construction industry firms and observers weigh impacts and benefits of oil price movements in 2015 on sector work and company growth. Related Links: Contractors Get A Reprieve At the Pump U.S. Energy Policy Shaped by Natural Gas and Renewables Development in 2014 Rusk O'Brien Gido: Five Takeaways on 2014 The slide in oil prices is starting to play havoc in bottom-line results among sector firms that had not anticipated such a rapid falloff, as owners foresee project impacts and engineering and construction firms that geared up for larger roles in a booming market hope for the best and
Related Links: $5.25-Billion Panama Canal Expansion Program Moves Into the Final Leg Panama Canal Owner and Contractors Agree to Final Cost, Schedule Terms Panama Canal construction consortium Grupo Unidos por el Canal (GUPC) has confirmed the filing, made late last month, of more than $737 million in new claims to owner Panama Canal Authority (ACP) just as the contractor touts a favorable ruling Dec. 31 by the $5.25-billion project's disputes board related to two previous claims. GUPC may still challenge the panel decision, which awarded it only $234 million of about $463 million it had sought.GUPC, led by contractors Sacyr
Aiming to raise funds for the Cooper Union—the elite engineering, architecture and arts college in Manhattan whose financial realities led administrators this past fall to begin charging tuition to incoming students for the first time in more than a century—a group of alumni has launched a not-for-profit consulting firm they hope will generate donations from users of the expertise of more than 12,000 CU graduates who will provide wide-ranging business advice. Related Links: Another college tuition nightmare: Even "free" college isn't free anymore Life After Tuition: A Tale of Two Cooper Unions Cooper Union The Cooper Union Alumni Advisory Service,
ENR Larry Weyers is elevated to CEO of Manitowoc crane-making unit as equipment giant's structure may change. Related Links: Manitowoc Company should consider split Equipment manufacturer The Manitowoc Co. Inc. on Jan. 6 said it elevated Larry Weyers to president of its cranes unit. He will succeed Eric Etchart, who was in the role for eight years and becomes corporate senior vice president for business development. Weyers, who joined the Wisconsin company in 1998, was global executive vice president for Manitowoc Cranes. The corporation also makes food-service equipment. Manitowoc also elevated Josef Matosevic to senior vice president of global operational
