Construction Compensation & Benefits Benchmarking  Report

Charting a Blueprint for Success in the Restart Economy

How do your compensation and benefits compare to other contractors in the region? Our 2020 study of 67 local general and specialty contractors found:

  • Gross revenue per FTE is $433,311.
  • A general contractor president/CEO has 16.2 years of experience; 43% total compensation stems from bonus and/or commission.
  • Of the companies that pay bonuses, only 75% give bonuses to field workers compared to 94% for project managers/estimators.
  • The percentage of companies providing 401(k) matches decreased slightly from 89% in 2018 to 88% this year.
  • 87% of contractors list attracting and retaining qualified personnel as their top challenge in 2020, down from 97% in 2018.

This 50-plus page report examines financial benchmarks, compensation by job title, benefits provided and issues facing the industry. Both union and non-union workplaces are included and participants’ sales range from less than $5 million to more than $100 million.

 

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Helping Construction Contractors Build the Bottom Line

Cost overruns. Cyclical work. Uneven cash flow. Contractors face a variety of challenges that make running their company more difficult than businesses in other industries. In good times and bad, we help contractors build opportunities by strengthening their bottom line and making the most of their resources.

Our team of dedicated construction professionals understands the needs and nuances of the construction industry. Barnes Dennig is one of Construction Executive’s Top 50 Construction Accounting Firms, one of Inside Public Accounting’s Top 200 Firms, and received the “Best of Accounting” designation from Clearly Rated in 2019 & 2020. Since being founded in 1965, the firm’s growth has stemmed from a focus on providing exceptional client service, depth of knowledge in select industries and strategic expansion. Today we are more than 150 employees strong, serving clients in three states and across the U.S. with operations spanning the globe.

What our Clients Say

“We couldn’t be more pleased with the team of accountants that serves us. They do a great job and always provide valuable advice and feedback.”

– Kay F., President

“The BD team understands our mission, our operation, and the associated nuances. They are attentive and responsive to our needs.”

– Greg E., President & CEO