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BUSINESS NEWS CODELCO AWARDS JACOBS A CONTRACT FOR CHUQUICAMATA MINE PROJECT Jacobs Engineering Group Inc. has received a contract from Codelco to provide engineering, procurement, and field support services for the overhaul of acid plants at the Chuquicamata Mine in northern Chile. Chuquicamata, an open pit copper mine, is one of the oldest and largest in the world. The services will improve the mine’s safety and sustainability. Jacobs’ scope of services includes modifications to existing facilities to support the operation of two new double contact/double absorption acid plants. “This award will help Codelco become safer and more sustainable, benefiting not only the company but also Chile and its people,” said Andrew Berryman, Jacobs senior vice president mining, minerals and specialty chemicals. “We have a long history of providing support to Codelco and by utilizing our global experience and broad capabilities in mining we look forward to extending the life of Chuquicamata.” The project is scheduled for completion in December of 2018. PRESCIENT CLOSES $40 MILLION IN SERIES D CAPITAL RAISE Prescient , a company which offers a technology based solution for a better way to plan, design, manufacture, build, and operate multi-unit buildings, announced they have closed a Series D Funding Round of $40 million at a pre-money valuation of $475 million. This brings the total equity raised to date by Prescient to $80 million.

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The company, which was founded in September 2012 and completed its first project in 2013, has grown from eight employees to 300 and will add at least 75 new positions in 2017. It doubled the size of its Colorado manufacturing facility in 2016 to 120,000 square feet and will soon start production at its new North Carolina facility. Prescient’s patented, unique structural system is cost-competitive with wood and significantly less expensive than a concrete or steel structure. Prescient’s continued focus on technology development has resulted in 29 patents being granted across 30 countries with 52 more patents on file globally. “In an industry that is highly commoditized, Prescient has many imitators but no true competitors. Our proprietary digital thread connects everything from design, engineering and manufacturing through installation,” said Satyen Patel, Prescient executive chairman and CEO. “The Prescient Technology Platform is proven — we have built 3 million square feet of buildings in five states since 2013 and are on pace to build another 3 million square feet in 2017 alone, expanding our footprint into nine additional states. This is a successful, field- tested technology platform,” he added. Prescient targets the multiunit housing segment of the U.S. construction market for buildings up to 16 stories tall including: apartments, student housing, senior living, hotels and armed forces housing. Nationwide, this is a $1 trillion target market for Prescient, with more than 400 million square feet of new-builds developed annually.

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1200 North College Ave. Fayetteville, AR 72703 Mark Zweig | Publisher mzweig@zweiggroup.com Richard Massey | Managing Editor rmassey@zweiggroup.com Christina Zweig | Contributing Editor christinaz@zweiggroup.com Sara Parkman | Editor and Designer sparkman@zweiggroup.com Liisa Andreassen | Correspondent landreassen@zweiggroup.com

MARK ZWEIG, from page 1

press list that we mail press releases to three times a year. All the same everything from every company in the business. Differentiate, people!! ❚ ❚ Their ownership transition strategy . Why are so many firms blindly pursuing a path of internal transition – typically one with a certain ratio of owners to employees, stock that is sold at “book” value, and stock purchases that are financed through bonus pro- grams? And why do the preponderance still treat their principals like they are some sort of “special” gods that the rules everyone else plays by in the firm don’t apply to? There are huge behavioral ramifications with these kinds of decisions. It doesn’t have to work this way. Figure out how to do things better than the way everyone did it in your firm and most others in the past! ❚ ❚ Their office quality and layout. Why do so many firms put their top people in the pe- rimeter offices and throw everyone else out on the floor in a sea of cubicles? Paint the walls grey, put in some gray-blue carpet, hang some old project photos, and put some- one at the front desk behind a super high counter so you can’t see them – someone who can’t even say the company name properly. So boring. Even design firms that do offices for a living oftentimes have terrible, boring offices. Make them different! Put the cu- bicles around the perimeter and the offices inside. Paint the walls red and provide bike racks in the building. Toss the dog-eared copies of ENR on the lobby coffee table and decade-old plaques given to you by your local chamber of commerce. Make your office different and make it an asset rather than a negative. I could go on and on. We seem like lemmings to me – in too many ways. Crowded, mature markets demand innovation and differentiation. Better get on with it or next time a recession comes along you might be the victim of a changing world. MARK ZWEIG is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

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THE ZWEIG LETTER May 29, 2017, ISSUE 1202

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