Managing a successful construction company can be challenging. The lifecycle of projects can take several years from the initial proposal through final delivery. All the steps that happen in between can make the difference between making a profit or accepting a loss. The job of managing resources, labor, materials, scheduling equipment and managing change orders all figure into the profitability formula.
Beyond the basics, management needs to be aware of the latest trends, challenges and opportunities to properly position their company for continued success. For insight into how do that that, companies can turn to the recently released Associated General Contractors of America 2018 Construction Outlook Survey – Georgia Results. The study surveyed various construction companies and contractors from throughout the state to understand the key employment and staffing issued faced. To help clients, prospects and others, Wilson Lewis has provided a summary of the results below.
About the Survey
A total of 48 Georgia companies participated in the survey ranging in employee size from $10 million in revenue to more than $100 million. Of those who responded, 26 percent earned less than $10 million in revenue in 2017 while 15 percent earned more than $100 million. The types of companies that participated in the survey included general contractors, construction managers specialty or subcontractors, service providers and architects, engineers and designers; 6 percent of respondents classified themselves as others.
Key Findings
Contact Us
The good news for most construction companies is they can expect to stay busy with new work opportunities. It’s clear for Georgia companies that the hiring, recruiting and retention challenges will continue in 2018 and likely beyond. If you have questions about the survey or need assistance with a construction audit, tax or accounting issue, please call us at 770-476-1004 or click here to contact us.
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