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Construction Executive Pay Expected to Rise by 4% This Year

Company revenue size is the most relevant demographic factor in determining how a construction company pays its executives as compared to other construction companies, reports PAS, Inc. in its latest Contractor Compensation Quarterly (CCQ).  When it comes to open-shop craft compensation in infrastructure construction, though,  location and type of construction are most relevant.

This edition of the CCQ advises that PAS-surveyed contractors said that they expect to increase executives’ pay by an average of 3.7 percent in 2017.  Based on historical experience, PAS anticipates that the average will likely come in around 4.0 percent or higher for the year.  This is about the same as actual raises granted in 2016, which averaged 3.9 percent.  The report includes average, median, and other data on base salary for 15 common executive positions in the commercial construction industry.  “In general terms,” according to the CCQ, “the larger the contractor, the higher the compensation.”

The CCQ also provides information on a new survey conducted by PAS, one capturing wage rates paid to open-shop craft workers employed on heavy civil, highway, municipal and related infrastructure projects that are not covered by prevailing wage mandates.  It includes average, median, and other data on wage rates for 43 such craft positions.  Using excavator operators as an example, the CCQ further shows how pay varies by type of construction within the sector.

PAS’s complete Executive Compensation Survey for Contractors report – which also covers fringe benefit information and data broken down by type of construction, geographic location, company revenue, and other characteristics – is available for purchase from PAS.  For more information, go to www.pas1.com, or call 1-800-553-4655 and ask about the AGC-member discount.

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