Trends in Construction Contractor Financial Data
Publication: Journal of Construction Engineering and Management
Volume 119, Issue 4
Abstract
The purpose of this technical note is to describe the results of a study investigating trends in contractor financial data to help predict their likelihood of experiencing a claim. Financial statements of 87 contractors (36 claim and 51 nonclaim) were obtained from four companies underwriting construction contract surety bonds. A claim contractor is defined as one that defaulted on a bond, many times requiring the surety to pay a loss. A nonclaim contractor is defined as one that has not defaulted on a surety bond during the period for which financial data was supplied. The described trends can assist construction industry professionals by providing them with quantitative values of financial variables for both claim and nonclaim contractors.
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References
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Astour, R. W. (1992). “Pilot study of schedules supporting a contractor's financial statement,” MS thesis, University of Wisconsin, Madison, Wis., in partial fulfillment of the requirement for the degree Master of Science.
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Hammond, D. (1982). Granting credit to contractors. Touche Ross and Co., New York, N.Y.
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Ragland, T. R., and Ingraham, C. W. (1991). Managing to survive. C. Walker Ingraham, Atlanta, Ga.
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Schleifer, T. C. (1990). Construction contractors' survival guide. John Wiley and Sons, Inc., New York, N.Y.
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Severson G. D. (1992). “Predicting construction contract surety bond claims using contractor financial data,” MS thesis, University of Wisconsin, Madison, Wis., in partial fulfillment of the requirements for the degree Master of Science.
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Standard industrial classification manual. (1987). Executive Office of the President, Office of Management and Budget, Washington, D.C.
Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 119 • Issue 4 • December 1993
Pages: 854 - 858
Copyright
Copyright © 1993 American Society of Civil Engineers.
History
Received: Feb 12, 1993
Published online: Dec 1, 1993
Published in print: Dec 1993
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