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ON THE MOVE MCLAREN ENGINEERING GROUP ANNOUNCES NEW PRESIDENT McLaren Engineering Group announced that Jeremy Billig, P.E., has been named president. Billig, most recently the firm’s vice president and New York City regional director, will lead McLaren along with Malcolm McLaren, P.E., CEO and founder. Billig’s appointment follows a board-driven growth plan that includes the firm’s recent expansions in New Jersey and Philadelphia, and the addition of several senior leaders. During his 15-year tenure at McLaren, Billig has directed a range of engineering projects while starting and growing the New York City office to more than 40 staff. As the firm has expanded, Billig has managed McLaren’s organizational planning efforts, including supporting the firm’s merger and acquisition activity and developing a scalable structure to accommodate growth. “Jeremy has seen our firm more than double in size since he joined us and has helped create our collaborative culture as an employee-owned firm,” says Malcolm McLaren. “Jeremy and I will be working side by side to lead our company into its next phase of growth. It’s with great excitement that we announce his new role as president. “Jeremy’s reputation as a meticulous professional with keen leadership qualities is well-deserved. With his guidance, the firm will continue our out-of-the- box thinking and application of Applied Ingenuity,” continues McLaren. An accomplished engineer, Billig has worked across the firm’s 10 markets, ranging from entertainment venues and healthcare facilities to comprehensive structural work and restoration of landmarked buildings. His
speaking to the overall quality of accounts receivable. Work backlog also hit a high of almost eight months, indicating another strong year ahead. “Median pre-tax, pre-bonus profit on net service revenue was almost 14 percent this year, well above pre-recession levels, and an increase from 12.7 percent last year. The profit metrics have remained on a generally overall upward trajectory since 2013.” For more information on Zweig Group’s 2019 Financial Performance Survey of AEC Firms , which reports more than 100 different financial metrics for the AEC industry, visit bit.ly/FPS1298. CHRISTINA ZWEIG NIEHUES is Zweig Group’s director of research and e-commerce. Contact her at czweig@zweiggroup.com. standout projects include the Sentosa Crane display in Singapore, the Longacre Theatre renovation in New York City, and construction engineering design work for the Pulaski Skyway bridge rehabilitation in New Jersey. He also lent his talents to A-list entertainment events, including the Rolling Stones’ 2005 tour and Lady Gaga’s 2010 “Monster Ball” tour. “Starting and expanding McLaren’s NYC office has been a career highlight for me, and I’m eager to continue that growth trajectory company-wide,” says Billig. “As we continue to earn accolades as one of the country’s top engineering firms, I’m honored to lead McLaren into the next decade.” Billig holds a professional engineering registration in New York, Connecticut, Massachusetts, Florida, Maine, Vermont, Ohio, Michigan, and Wisconsin, with a certification in Special Inspections. In 2015, Billig was the recipient of the President’s Award by McLaren Engineering Group, and in 2012, he was named a “Rising Star in Structural Engineering” by Civil + Structural Engineer magazine. In 2009, he was selected as “Young Engineer of the Year” by the New York Society of Professional Engineers. He holds two degrees in civil and structural engineering from Cornell University. For more than 40 years, McLaren Engineering Group has provided innovative, customized engineering solutions for more than 15,000 projects. With more than 250 employees in 11 offices, McLaren is licensed in 49 states and serves 10 key markets. With experts in numerous engineering disciplines – and a passion for creativity and out-of-the-box thinking – McLaren can address any project’s specific range of design requirements with technical excellence.
2019 FINANCIAL PERFORMANCE SURVEY This survey is the best tool for finding comprehensive data on the financial performance, financial departments, challenges, methodology, and financial practices of AEC industry firms. ❚ ❚ Key financial statistics. Net service revenue and profitability measures, labor multipliers, turnover rates, and professional/technical to administrative staff ratios, and so much more. Data is also segmented by firm type, staff size, region of headquarters, growth rate, and client base, with multiple years of trend data for overall medians or means. ❚ ❚ Personnel costs. Five major types of personnel costs are analyzed in this publication including: payroll taxes, vacation, holiday and sick leave, group insurance, pension, profit sharing & 401(k) plans, and bonuses. Trend data is also given for historical spending comparisons. This section also includes data on workers’ compensation premiums and claims. ❚ ❚ Other financial statistics. In addition to all the above information, this publication has data on additional financial topics – everything from financial software applications to cash flow reports and professional liability insurance. Visit bit.ly/FPS1298 to learn more.
CHRISTINA ZWEIG NIEHUES, from page 3
per employee was just over $19,000, a staggering increase from 2015’s $7,146. The contribution rate is the percentage of net service revenue remaining after all project costs (direct labor and other direct costs) have been covered. This number also hit a record high of 67.7 percent, indicating that industry firms are able to charge appropriately for their projects. One of the strongest indicators of financial performance is revenue factor, which uses a combination of two financial statistics – chargeability and multiplier – to measure a firm’s ability to generate revenue. It takes into account not only how much time the firm bills to jobs (chargeability), but also what it realizes in revenue compared to what it costs in terms of direct raw labor (net multiplier). This hit a three year high of 1.86. AEC industry firms are collecting money fairly quickly – a median of 70 days (the second lowest number in the past decade)
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THE ZWEIG LETTER May 27, 2019, ISSUE 1298
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