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NEW FROM ZWEIG GROUP 2022VALUATIONREPORT Zweig Group’s just released 2022 Valuation Survey Report of AEC Firms is the definitive resource to value an industry firm. Zweig Group’s exclusive Z-Formulas can be used to quickly calculate how much an AEC industry firm is worth. Simply input seven factors: staff size, net revenue, backlog, EBITDA, profit, book value, and interest-bearing debt, for a rough value for any industry firm. Features of this publication: ■ ■ This report was compiled with data gathered from AEC industry
firms that have used an internal formula for valuation, have been merged or acquired, or that have been appraised by an independent valuation consultant. ■ ■ Zweig Group uses the above data to calculate six different value ratios for each firm. These ratios can be compared by firm size, type, region, reason for valuation, and more. ■ ■ Hundreds of case studies can be used to make reliable comparisons of value between your firm and others in the industry.
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are no CQV schools and limited CQV training programs, so you need to learn from experience. In my first role as a controls technician for Voltec, Inc., I was mentored by Art Brower, P.E., who inspired me to think broadly and execute with precision. As my career progressed, I was fortunate to work with Joe O’Donnell of Genesis AEC who gave me the right exposure to the right projects, pushing me to stretch and sharpen my capabilities. ■ ■ A yearning to learn, continually. From your successes, of course, but also from your mistakes. Taking accountability is important, but taking the initiative to apply what you’ve learned is paramount. ■ ■ A motivation for quality and a desire to mitigate risk (especially for QV). An understanding of quality implications and risk, systems’ performance, repeatability, and regulatory frameworks are additional skill sets that can help position you for success. ■ ■ An interest in traveling. If you’re interested in working alongside clients in the field – versus being tied to an office or a desk – this may be the career for you. You can find yourself traveling across the U.S. or even internationally to client sites, troubleshooting and addressing their design impacts, while experiencing new locales, new cuisine, and potentially new vacation destinations. Overall, if you’re someone who wants to be truly involved in the way things are built, constructed, and operated, you may want to explore this role further. And even if this specific career path is not on your radar as a permanent position, it’s beneficial for any engineer to spend some time in a commissioning role on a project basis to realize the real-world consequence of making a mistake on drawings or to understand what really works or conversely, doesn’t. That alone can solidify and strengthen your career. If you have any questions, please email Genesis AEC at info@ genesisaec.com. Josh Blair is executive vice president of commissioning, qualification, and validation services at Genesis AEC. Connect with him on LinkedIn .
JOSH BLAIR, from page 3
term. A commissioned ship – like a commissioned building – is one that is deemed fit for service. It’s the last 10 percent of the project where everything comes together. From a career perspective, it’s where the rubber hits the road for honing your technical skill sets and adding value to a project. And in my opinion, there’s no better experience than that. Consider the complexity and interoperability of large-scale systems such as building automation systems, HVAC, packaging/fill, purified water, process/manufacturing, and compressed air. Now factor in a litany of features and functions for each of those systems. Lastly, twist that Rubik’s Cube once more and imagine yourself as a CQV expert who is evaluating, adjusting, and modifying those systems so they meet the owners’ requirements and operate effectively and efficiently. Challenging? Yes. Rewarding? Absolutely. Ensuring that everything functions the way it is supposed to is, quite simply, job satisfaction at its finest. A desire to make a difference is critical to becoming a CQV engineer. You need to truly care about the end user and the end results. If that’s something that drives you, you’ll find this intriguing and fulfilling career path leads to new experiences, new opportunities, and newways to expand your skills every day. But what does it take to become a CQV professional? Here are a just a few qualities: ■ ■ Awide range of talents. Troubleshooting and problem- solving (especially for commissioning) are critical. But you must also be a great communicator who is methodical, proactive, and resourceful. You should be someone who does whatever it takes to get the job done. ■ ■ A background in engineering. Process, chemical, mechanical, or electrical for building commissioning, including technical trades such as those of an air balancer or controls technicians, and a very technical background – clean utilities, process equipment, lab equipment, and quality, etc. for QV are career perquisites. ■ ■ A mentor is key. Training at the personal level goes a long way. My degree is in electrical engineering from Penn State, which has applicability, but quite honestly, there
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THE ZWEIG LETTER MARCH 28, 2022, ISSUE 1434
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