Deloitte’s 2019 engineering and construction industry outlook
After growing at a rate of five percent in 2018, growth in the construction industry is expected to accelerate further during 2019, according to Deloitte’s 2019 Engineering and Construction Industry Outlook. Mergers and acquisitions–which accounted for more than 340 deals worth $20 billion in 2018–will continue to play a lead role in boosting growth. Despite the good news, Michelle Meisels, a principal with Deloitte Consulting’s Technology practice cautioned about some major obstacles facing the industry: America’s crumbling infrastructure which has not received the necessary federal investment and the continued shortage of skilled workers to fill job openings available. Read Meisels’ full report here.
Clark Construction ‘puts roots down’ in Baltimore with first local office
The Clark Construction Group, a $5.6 billion civil construction firm with corporate offices in Bethesda, Maryland and Lorton, Virginia, recently opened its first local office in Baltimore. Dating back to the Greater Washington metro area since 1906, the firm now employs 4,200 people nationwide and tackles a range and diversity of heavy civil building projects. Executive chose to open a new office to capitalize on the untapped potential of the Baltimore market, reports The Baltimore Business Journal. Clark’s Baltimore office is located at 145 W. Ostend St., part of the Stadium Square development.