Engineering Services

Engineering Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry apply engineering principles to design and develop structures, systems, and processes. Major companies include AECOM, Bechtel, and Jacobs (all based in the US), along with Abengoa (Spain), Babcock and Wood (both based in the UK), SNC-Lavalin (Canada), and Worley (Australia).

COMPETITIVE LANDSCAPE

Success in the engineering services industry requires efficient bidding and cost controls. Reduced government and commercial spending on infrastructure and construction projects during times of economic or political discord can diminish bidding opportunities.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major engineering services include construction design and management, industrial process design, systems engineering, and maintenance and operations. Transportation projects account for over 35% while consulting services account for about 20% of the industry's revenue. Followed by commercial, public, and institutional building projects which accounts for about 15%, including new establishments. Other services include highway and roadway projects and nonresidential projects.