State Board of Equalization Clarifies Sales Tax on T&M Construction Contracts.

Posted by Tom Squeri on Mar 18, 2015

There has been some confusion among construction contractors recently about the California State Board of Equalization’s (“Board” or “SBE”)position on the application of sales tax to materials provided by a construction contractor working under a time and materials (“T&M”) contract.  The confusion stems from an unclear “Summary of Application of Tax for Construction Contractors” table that was attached to a February 8, 2012 letter sent to licensed contractors throughout the State, and comments made to some contractors by SBE agents who claimed that contractors owed sales tax any time they added mark-up to materials on a T&M job.  Even the regulation that governs the application of sales tax to construction contractors—Regulation 1521—is not a model of clarity regarding what is and is not taxable on T&M contracts.
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Housing Data Wrap-Up: April 2012

Posted by Keith Severson on Mar 18, 2015

Home Sales Have A Little More Spring In Their Step
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The First Decade of Operations at Logan Quarry

Posted by Rose Ann Woolpert on Mar 18, 2015

The second in a series on the history of Logan Quarry by Robert Cozzens, who worked with Graniterock for over 62 years, this excerpt is taken from a history he created in 1974.
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Getting Started at Logan Quarry, as Told by Robert Cozzens

Posted by Rose Ann Woolpert on Mar 18, 2015

Robert Cozzens started work at Granite Rock Company’s Logan Quarry in 1916. Over his long career with Graniterock, Bob worked for Company founder A.R. Wilson, his son Jeff and widow Anna, and for Bruce and Betsy Woolpert. Bob spent his first four years with the Company living in the Quarry Bunkhouse, and filled many roles in a work relationship that lasted for more than 62 years. He eventually served on the Graniterock Board of Directors, and while on the Board was asked to put together a story of the Company’s history. This is the first of a series of stories taken from several papers and presentations Bob gave to Board Members in 1974.
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More on the Economy...

Posted by Bruce W. Woolpert on Mar 18, 2015

Another sign of an economic recovery is car sales were the strongest they have been in four years in March. Sales were 12.7% ahead of sales a year ago and are tracking a 14.4 million unit pace for the year, compared with 12.8 million vehicles last year. Demand for fuel efficient vehicles is increasing.
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Five things you should know about contractor bonding

Posted by Danielle Rodabaugh on Mar 18, 2015

Publishers Note:  From time to time, Graniterock publishes in this blog, articles from guest authors to provide information that our customers and readers may find helpful.  Our publication of guest articles is not in any way an endorsement of any product or service the author may describe or provide, or of the content of the article.  The guest author is solely responsible for the content, opinions and recommendations contained in the article.
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California Business Leaders Speak Out on the Economy

Posted by Graniterock on Mar 18, 2015

The California Federation of Commerce and Education released its 2012 survey of business executives. Business executives are slightly more optimistic about the State’s economy as well as the prospects for their own businesses. But they continue to have a poor outlook on the long-term California business climate, mainly citing overregulation as the main problem. Eighty percent stated California was "on the wrong track" while only 19% felt that California is "going in the right direction." While businesses are slightly more upbeat about the short-term improvement in the California economy, they are decidedly more negative about the long-term prospects for the State.
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CONGRESS PASSES 90-DAY TRANSPORTATION EXTENSION

Posted by Graniterock on Mar 18, 2015

Facing expiration of the latest extension of highway spending authorization on Saturday, March 31, the House and Senate passed a 90-day extension (the 9th) allowing for funding of the highway and transit programs and collection of the federal motor fuels taxes (the gas tax) to continue through the end of June. The bill will now go to the President who is expected to sign it before the current extension expires. With both the House and Senate scheduled to go into recess on Friday for the next two weeks, the action was necessary to avoid a shutdown of the Federal Highway Administration (FHWA) and a halt of reimbursements to states for ongoing highway construction contracts.
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Big Rig Trucks and Safety on the Highway

Posted by Rose Ann Woolpert on Mar 18, 2015

Everyone who drives our area highways passes commercial big haul trucks on a regular basis. But do we think about their drivers, the loads they carry or the importance of safe driving while we share the road with these big rigs? Graniterock transportation drivers recently talked about the challenges of safely navigating our area roads as they deliver construction products to our customers. 
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Home Improvement Contracts and Time and Materials Pricing

Posted by Tom Squeri on Mar 18, 2015

A recent legal presentation at Graniterock’s Concrete and Building Materials Expo has generated a lot of discussion.  One of our speakers told the audience that it is unlawful for a contractor and a homeowner to enter into a contract for home improvement work where the price term is based on “time and materials” (“T&M”).  Several in the audience were surprised to hear this, and questioned whether the statement is true.  After all, T&M contracting is relatively common, and when done correctly is a good way to ensure a fair price for both parties to the contract. 
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