The nations Construction Backlog Indicator CBI for July rose 8.9 percent to 6.1 months from 5.6 months in June, Associated Builders and Contractors ABC reports. The CBI is a gauge on the amount of construction work to be completed, measured in time, currently under contract.
A backlog is a term, commonly used in accounting and finance, that refers to a buildup of work that needs to be completed.
Value of unfulfilled orders, or the number of unprocessed jobs, on a given day. While a backlog indicates the workload that is beyond the production capacity of a department or firm, it also serves as a pointer toward the firm's future sales revenue and earnings.
The Construction Backlog Indicator CBI is a forward-looking national economic indicator that reflects the amount of work that will be performed by commercial and industrial contractors in the months ahead.
ABC reports its Construction Backlog Indicator expanded to a record 9.9 months during the second quarter of 2018. Backlog is up 12.2 percent from the first quarter and 14 percent compared to the same time last year.
The Associated Builders and Contractors Construction Backlog Indicator CBI rose to nine months during the first quarter of 2017, up 8.1 percent from the fourth quarter of 2016, the
Given the company's daily production capacity, XYZ Company will end Monday with a backlog of 40,000 widgets. If each widget sells for $1, XYZ Company would report a $40,000 backlog. If each widget sells for $1, XYZ Company would report a $40,000 backlog.
The nations Construction Backlog Indicator CBI for July rose 8.9 percent to 6.1 months from 5.6 months in June, Associated Builders and Contractors ABC reports. The CBI is a gauge on the amount of construction work to be completed, measured in time, currently under contract. While the
ABCs Construction Backlog Indicator, which reflects the amount of work that will be performed by commercial and industrial contractors in the months ahead, reached a record high of 9.9 months in the second quarter of 2018, a 12.2 percent increase from the first quarter of the year.
Some think a backlog shows how good they are and how much in demand they are. They wear this like a gold medal they have won in a race. Nothing could be further from the truth in the minds of the potential client.
Construction Industry Ratios One of the value-added services Lanter, Leonardo and Levy provides to its audit and review clients is our client specific ratio analysis report.
Challenge: With the exception of recurring service work, the construction industry is project based. Understanding the quantity of future work already contracted, has a critical impact on the volume of work a contractor will pursue in the future.
backlog a build-up of customer orders which a firm has agreed to deliver at specified future dates. Backlogging is one means by which a firm can even out demand in relation to its production capacity, allowing delivery lead times to increase during peaks in demand and shorten during slack periods.
Associated Builders and Contractors ABC reports that its Construction Backlog Indicator CBI contracted to 8.8 months during the first quarter of 2018, down 9% from the prior quarter. CBI is down 2% on a year-over-year basis. The Construction Backlog Indicator hit an all-time high during the
Bonding agents and financial readers appreciate this additional information in particular because it conveniently presents the total backlog of committed work on hand at the construction company, assisting them in their estimates of potential revenues, costs, and gross profits for the contractor in the immediate future.
TORONTOAecon Group Inc. posted a record $6.4 billion backlog for Q2 as the dust settles over its controversial blocked sale to a Chinese construction company by the federal government in May.
The organization reports the nation's Construction Backlog Indicator, known as the CBI, reached 5.9 months in September3.2% higher than in August. The backlog for the middle states, registered a modest increase in September of 0.2 months in backlog, or 3.5%, to 5.6 months.
The global infrastructure backlog until 2030 is close to $1tn excluding Trumps infrastructure plan , which will support orders in both construction and metals sectors. The dark spot remains in the sectors structural weaknesses.
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