May/June 2014
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Nonqualified deferred compensation plans — Is your arrangement due for an update? |
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Nonqualified deferred compensation (NQDC) plans can help lure or retain a top-producing manager, but also put a substantial strain on a construction company’s finances. Furthermore, they can have an impact on a company’s long-term business strategy and succession plan. This article discusses four different categories of NQDC plans and the tax and cash flow implications of funded vs. unfunded plans. NQDC plans are complicated and the slightest of errors can have big consequences, so a sidebar discusses what the IRS looks for when performing an NQDC plan audit.
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| LEED: Redefined | |
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The U.S. Green Building Council (USGBC) recently released the fourth generation of its renowned energy efficient building design. The updated framework dramatically expands the types of structures that may qualify for Leadership in Energy and Environmental Design (LEED) certification and includes a comprehensive suite of Web-enabled project management and assessment tools for contractors. This article takes a closer look at “LEED v4.” |
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Build your competitive intelligence with benchmarking |
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Competitive intelligence is not “corporate espionage,” but a process of legally and ethically gathering relevant data on competitors. And construction companies can go about doing so in a variety of ways. This article explains how to start with benchmarking, the kinds of metrics that can be tracked and how to analyze the results.
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| Construction Success Story — New security system brings peace of mind | |
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This issue’ “Construction Success Story” looks at the case of a family roofing company that had been in one place for over 50 years but hadn’t upgraded its security as the local crime rate increased. That changed when the owner arrived one day to find that a van had been broken into and tools stolen. Hoping to prevent even more serious theft, the owner consulted his financial advisor. Together, they formulated a budget and solicited bids for a new security system, eventually finding just the right one for the construction company.
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