By Dan Huckabay, President Commercial Surety Bond Agency Calculating Risk By Dan Huckabay, President Commercial Surety Bond Agency Calculating Risk By Dan Huckabay, President Commercial Surety Bond Agency Calculating Risk By Dan Huckabay, President Commercial Surety Bond Agency Each year our agency puts together a report to look at trends of profitability, backlogs, and overall […]
We created this snapshot to give you a quick idea of how the California construction market is doing halfway through the year. We use data from Construct Connect, one of the largest project data sources in the United States, along with our proprietary data from our more than 300 contractor customers in California. While there
2024 Midyear California Construction Market Snapshot Read More »
Watch any news program these days, and there is still a lot of talk about inflation and interest rates. Half the experts seem convinced inflation has been extinguished and the other half seems to doubt it is really gone. The Slope of Inflation I’m not sure anyone really knows the answer, including the Federal Reserve,
Is Inflation Behind Us? Read More »
Each year our agency puts together a report to look at trends of profitability, backlogs, and overall competition in the California construction industry based on the proprietary data of our contractors. This data is unique to our agency, and to our knowledge, there is no other report published quite like it. Riding the Rollercoaster One
2023 Construction Market Outlook Read More »
Employee Stock Ownership Plans (ESOP) are becoming an increasingly popular way for owners of construction companies to exit their business. According to data from The National Center for Employee Ownership, there are 160 ESOP construction companies in California, and almost a quarter of those were formed in the last 5 years. This article will provide
An Introduction to ESOPs for Construction Companies Read More »
As baby boomers continue inching towards retirement, the continuity plans of construction companies is becoming an increasingly common topic. There are many ways to transition ownership of a business, and this article will address one specific method we’ve seen used by several of our clients when selling their business to key employees, which many call
Ownership Transition using Oldco/Newco Read More »
If you’ve decided that selling your construction company to a third party is an option that you’re interested in exploring, there are a few key items to consider before leaping in with both feet. How to continue with the company’s bond program and eliminate your liability under the surety’s indemnity agreement are two of those
Selling Your Construction Business to a Third Party Read More »
This is the second article in a series designed to help construction company owners understand the options for exiting their business. As we discussed in our first article Figuring Out How to Exit Your Construction Business Part I, there are 4 main options that contractors have, which are outlined below: Sale to inside party –
Exiting Your Construction Business: Sale to Insiders Read More »
When forming a construction business, few people realize that it is almost as hard to exit the business as it is to get started in the first place. It makes sense when you think about it, by the time you are ready to exit your business, you have built decades of important relationships. There is
Figuring Out the Best Way to Exit Your Construction Business Read More »
If you’re like most owners of construction companies, preparing for your untimely death or disability is not high on your list. Afterall, there are proverbial fires to put out, jobs to finish, bids to submit, and taking the time to plan for what is an unpleasant and hopefully unlikely event to think about does not
What Happens to Your Construction Business if You Die Tomorrow? Read More »