As a result of numerous phone calls and e-mails from contractors throughout the country Pavement Maintenance & Reconstruction has extended the deadline for participating in its 2013 Top Contractor List to April 30. Contractors still have two weeks to complete their entries. Visit TopContractor.questionpro.com to complete the brief 10-question form.
"We set the original deadline at April 1 and then bumped that to April 15 because we figured by that point contractors would have their final 2012 numbers," said Allan Heydorn, editor of Pavement. "Apparently what we didn't take into account was how busy all the CPA's would be as tax day approached."
Heydorn said many contractors have contacted the magazine saying their accountants are too busy to help them complete the survey and to draft the confirmation letter that is required of all entries.
"In resurrecting the Top Contractor list we added a requirement for independent third-party verification of the sales figure from each contractor and that's what seems to be holding things up for some contractors. Hopefully extending the deadline to April 30 will enable all those who want to participate to participate," he said.
Heydorn said once all entries are in the magazine will create four Top Contractor lists: One each for Paving, Sealcoating, Striping and Sweeping. Each list will be based on total company revenue specific to each field of work. So, if a contractor generates $1 million in total sales (50% paving, 30% sealcoating, 10% striping, 10% sweeping) Pavement will apply the sales percentage to total sales to determine the sales for that segment of work. So in this example 50% paving X $1 million = $500,00; the $500,00 would be used to determine if the company qualifies for the Paving Top Contractor List. The same approach would be used for the other segments (30% X $1 million = $300,000 sealcoating sales etc.) The list will be based on revenue for fiscal 2012, regardless of when the contractor's 2012 fiscal year ends.
"It's important to understand that none of the financial numbers will be published," Heydorn said. "The numbers will be used only to determine who qualifies for the list."
Pavement encourages all contractors to participate.