Continued Growth for Contractors Highlighted in Benchmarking Report
In May of 2018, Barnes Dennig, North Side Bank, and USI Insurance revealed the results of their biennial Construction Compensation and Benefits Benchmark Study. At a time when many contractors are stretched thinned for labor, growing rapidly, and have seemingly more work than they know what to do with, construction
2016 Benchmarking Report Reveals Favorable Forecast for Contractors
In the spring of 2016, Barnes Dennig and USI surveyed local contractors about salary, benefits and other benchmarking data in our 2016 Contractor’s Compensation & Benefits Benchmarking Study, releasing the findings in a roundtable discussion at the Cintas Center. During the discussion, we reported continued growth for the national, regional,
Why You Should Care about Subcontractor Pre-qualification
Does your construction firm commonly subcontract work to other contractors? Have you properly vetted these subcontractors – not just the quality of their work, but their ability to perform financially? If not, you could be leaving your firm susceptible to an unnecessary amount of business risk. Pre-qualifying subcontractors is an
The Advantages of a Self-Funded Insurance Plan
Self-funded insurance has been a hot topic for the past few years amongst employers. As companies look to reduce the inflating cost of health care, it has become a tool to take control of their expenses rather than submitting to steadily increasing premiums. A self-funded plan puts the cost of
What the Latest FASB Deferral Means for You
On July 9, 2015 the Financial Accounting Standards Board voted to defer the effective date of ASU 2014-09 on Revenue from Contracts with Customers (Codification Topic 606). The original revenue standard was finalized in May 2014. The exposure draft to defer the effective date of the revenue standard
Recap: How do Your Salary & Benefits Stack Up?
In autumn of 2014, Barnes Dennig and USI surveyed local contractors about salary, benefits and other benchmarking data, and released the findings in a roundtable discussion at the Cintas Center. During the discussion, we reported promising signs for the national, regional, and local construction industry at our reveal of the