Construction leaders interviewed for this report anticipated revenue growth of 10 – 25 percent, which compares more conservatively to estimates in 2018. They indicated that fees are also up by 3 – 4 percent. Construction backlogs remain high and hover around nine months, with Phoenix cited as a high-growth area nationally for construction. Backlogs in[ … ]
Category: Construction
Industry Outlook 2018: Construction
The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths and trends. Respondents in the construction industry come primarily from general contractor and specialty contractor businesses. Locations are evenly spread between Tucson and Phoenix.[ … ]
Industry Outlook: Construction
The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the construction segment here in terms of growth, risk factors, strengths and trends. Respondents in the construction industry came primarily from general contractor and specialty contractor businesses. Locations were evenly spread between Tucson and Phoenix. Half[ … ]
The “manufacturers’ deduction” isn’t just for manufacturers
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies. Sec. 199 deduction 101 The Sec. 199 deduction, also called the “domestic production activities deduction,” is 9%[ … ]
Construction Salary Survey
PAS, Inc., the source for construction industry salary and benefit benchmark data, CICPAC, the CPAs who know construction, and BeachFleischman, have developed a sampling of the 2015 PAS Executive Compensation Survey for Contractors and the Construction Management Staff Salary Survey. The packet includes data on the following positions: Senior Project Manager Senior Estimator Controller Your[ … ]
Arizona Contractor Transaction Privilege Tax Reform – Final Legislation
Prime Contracting VS MRRA – Definitions and Tax Treatment SB 1446 updates the definitions of Modification and statutorily defines Alteration and Replacement. Modification no longer includes improvement, movement, MRRA (maintenance, repair, replacement, alteration) activities or related mobilization, demobilization, wreckage and demolition. Modification now includes all construction, grading, leveling, wreckage and demolition specifically not MRRA. Alteration[ … ]
Build Your Construction Bonding Capacity with a Solid Foundation
A high bonding capacity is something for which just about every contractor strives. Knowing you can get the necessary underwriting from your surety gives you the freedom to bid on jobs well suited to your strengths — not to mention bigger projects with greater potential for profitability. But how do you build that kind of[ … ]
Eight Red Flags Contractors Need to Watch Out For
8 red flags to watch out for in your financial statements Financial statements show not only where a construction company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn into bigger issues. Here are[ … ]
Construction Equipment: Buy, Lease, or Rent?
For many contractors, construction equipment represents their largest expense in terms of (nonhuman) assets. As such, the machinery you use can either help your bottom line by making your workforce more productive or hurt it by drawing away dollars unnecessarily. So it’s important to regularly revisit that classic construction quandary: Should we buy, lease or[ … ]
