Spring 2023

Here’s a brief glance at what you’ll find in the Spring issue…

Beware of Tax Surprises When Selling Equipment or Vehicles

Selling or trading in an unneeded vehicle or piece of equipment might seem like a good idea. But if you don’t carefully consider the details, the tax hit can make for quite an unpleasant surprise. This article discusses the details, providing three examples of the tax consequences of a transaction. For contractors thinking about selling their companies, a sidebar suggests an employee stock ownership plan as an effective way to do so.

How Do Federal Infrastructure Bids Work?

Like a full bottle of ketchup, the Infrastructure Investment and Jobs Act has been slow to dispense the many construction projects anticipated. However, confidence is high that more and more federally funded jobs are going to emerge in the coming year if they haven’t already. This article reviews the two most common bidding methods for public projects: sealed bidding and contracting by negotiation.

Seizing Control of Insurance Coverage With a CCIP

Running a construction business and an insurance company might seem like two totally separate endeavors. But, under a contractor-controlled insurance program, a general contractor provides coverage for most parties to a construction project. This article looks at the advantages and disadvantages of this bold insurance strategy.

Why Contractors Should Care About ESG

Every business owner is at least somewhat aware of today’s expectations regarding sustainability, employee wellness and running an ethically sound company. However, that pressure is intensifying. This article addresses the rising trend of environmental, social and governance (ESG) practices; how ESG applies to construction businesses; and why it matters.