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Fall 2021 | M&A Report In The Engineering and Construction Industry Sector

Corporate Finance Associates

The report below gives a good overview of the Fall 2021 M&A activity in the Engineering and Construction Industry Sector. In 2020, the worldwide construction market declined from USD 11.21 The heavy and civil engineering industry would be the fastest-growing construction category, due to low-cost labor and raw materials.

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Palette Unveils AP Automation Software For Construction Firms

PYMNTS

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according to an announcement. In June, Centsoft introduced AP automation for companies in the construction sector.

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Sage Automates Construction Finance Benchmarking

PYMNTS

Business management technology provider Sage is rolling out a new solution designed to help construction firms track the health of company finances and compare performance against industry peers. “This offering is our latest commitment to helping construction firms improve their financial health.” In the U.S.,

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Goldman-Backed Construction FinTech Rabbet Raises $8M

PYMNTS

Rabbet, an intelligent construction finance platform, announced Wednesday (Feb. With the support of Goldman Sachs , QED and Camber Creek, Rabbet will further its mission to bring frictionless transactions to the construction industry,” Rabbet CEO and Co-Founder Will Mitchell said in the press release.

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Qatar slaps Rs 239 crore tax penalty on L&T

CFO News

Larsen & Toubro (L&T), India's renowned construction and engineering giant, has encountered a financial setback as Qatar's income tax authorities imposed penalties amounting to Rs 238.95 The penalties consist of Rs 111.31 crore and Rs 127.64

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Construction Is Trying — Really — To Move Away From Paper

PYMNTS

Visit a construction job site and – along with the water coolers, chain link fences, portable toilets and tools – chances are you will come across stacks of papers, including plans, permits and invoices. The cost of late payments in commercial construction runs $40 billion annually, according to one recent industry report.

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Punj Lloyd's liquidator files complaints with NFRA against auditors

CFO News

The liquidator of debt-ridden engineering, procurement and construction company Punj Lloyd has approached the National Financial Reporting Authority (NFRA) against the auditors of the company for not cooperating to finalise the audited results of the company since FY19.