From the category archives:
Overview: Although the strength of individual markets is shifting, our forecast for total construction put in place for 2013 continues to show an increase of 8% over 2012 levels. The forecast total for construction in 2013 is $918,897 million, a solid improvement, but we don’t expect to return to the days of annual construction above [...]
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By Robert D. McNeese, Staff Accountant As the country continues to pull out of the largest recession in a generation, there are encouraging signs within the local construction industry. In our 2012 Compensation & Benefits Benchmarking Study of local contractors, 71 percent of respondents said they anticipate revenues will hold steady or increase from 2011 to [...]
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PKF North America recently hosted a panel of construction executives to discuss the uneven economic recovery and the state of the industry. While the details for each panelist varied, the themes were the same: Their companies are a lot smaller than they were four years ago, so they must embrace efficiencies in all forms. For [...]
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Clemson University’s Department of Construction Science and Management recently found that the average construction craft worker was only 40 percent productive – in other words, crew members were performing actual work related to their assigned tasks only 40 percent of the time. The rest of their time was spent on nonproductive activities such as administrative [...]
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In an industry as competitive as construction – and an economy as sluggish as ours – it is important to focus on profit over revenue and efficiency over activity. Bigger and busier is not necessarily better. “We’re so busy working that we just keep working. You have to be more strategic,” said Monroe Porter, President [...]
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A new accounting standard will require employers to disclose more information about their contributions to multi-employer pension plans. It will be a significant change for employers and plan sponsors in heavily unionized industries such as construction. The new disclosures include: The amount of employer contributions made to each significant multi-employer plan and the total made [...]
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Barnes Dennig Director Jay Rammes will be the featured presenter at Allied Construction Industries’ Taxation Fundamentals class on Friday, December 9. Click here for registration information. Jay leads Barnes Dennig’s construction client service team, so he has direct experience working with progressive, local construction and real estate companies. Among the topics he will discuss at [...]
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We are pleased to announce that Brian Harvey has been promoted to Principal within the firm. In this role, he will oversee client engagements with an emphasis on providing insight beyond the numbers. Brian has been with Barnes Dennig for more than a decade and has become an integral part of the leadership of the [...]
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