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Related Links: AECOM's $6B Offer for URS Keeps the Company Whole AECOM’s $6-billion acquisition of URS, creating the second largest construction services company, continues the trend of consolidation among construction services players. The 10 largest design and engineering firms have tripled in size since 2003—largely through mergers and acquisitions.The transaction creates a new global player with nearly $20 billion in revenue and nearly 100,000 employees across 150 countries.At the same time, this transaction highlights the challenges of pursuing profitable growth in the sector, given the struggles over the past few years at URS, itself the product of serial acquisitions. DANNIn the
Related Links: Plan to Refill Highway Fund Stokes Conflict in Congress If Congress ever progresses beyond its current partisan dysfunction, perhaps we will look back on June 18 as a turning point. That was the day Sens. Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.) proposed raising the federal gasoline tax 12¢ a gallon over two years as a way to end the impending deficit of the Highway Trust Fund, the key source of highway and mass transit construction funds shared with the states. The tax hasnot been raised since 1993, when Congress upped it from 14¢ to 18.4¢; fuel-efficient cars
I'd like to share with you some lessons learned from a long career in the construction business based on conversations with some of the best people I have ever met.LyonsWhether you're an executive, project manager or job superintendent, there is no more important task right now than attracting good people who will remain in your organization. Someone once said “don’t forget to make the good, gooder."Why my focus on leadership and why one must be great?It all started for me when I joined my local volunteer fire company. Nothing is harder than leading volunteers and that’s where I gathered my
Related Links: Study Finds Big Cost Overruns on Global Dam Megaprojects The 10 Largest-Capacity Hydropower Plants A recent study on global large-dam projects by Oxford University's Saïd Business School says large-dam projects experience cost and time overruns and suffer a very low cost-benefit ratio and concludes that small-dam projects are better. However, in its argument against large dams in favor of small dams, the study provides a rationale for fossil-fuel energy plants. The International Commission on Large Dams finds the results of this study to be deeply flawed. The main weakness is its focus on time and cost overruns without