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| CompGroup AGC offers workers' compensation coverage exclusively for commercial construction contractors and sub-contractors. Through our partnership with Texas Mutual Insurance Company, the state's leading writer of workers' compensation insurance, CompGroup AGC is able to offer competitive rates, responsive customer service, expert claim handling and extensive loss prevention training and safety programs. |
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UPCOMING CHAPTER & INDUSTRY EVENTS
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Safety Committee Meeting - August 3, online
(contact
Michael
)
Networking Committee
Meeting - August 12
(contact
Toni
)
Safety training (OSHA 10/30, First Aid, etc...) available on demand. Contact Michael Welvaert to schedule.
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AUSTIN AGC OFFICE RENOVATION UPDATE
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IE2 Superintendent Jack Garcia and intern Tony Stokely provide a construction update to AGC staff Toni Osberry and Michael Welvaert
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The Austin AGC office building renovation is going smoothly and the progress thus far looks great. In July the abatement and demolition have been completed, under slab plumbing work is done, framing is 95% complete, and mechanical and electrical work is about to begin. Completion is scheduled for late September. We are excited to see the final results and confident you will appreciate the changes as well.
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IE2 Superintendent Jack Garcia checks plans on his tablet
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In the meantime, all staff remain available to contact and we can
best reached via e-
mail
.
Regular mail should still be sent to the same 609 South Lamar address as we pick it up regularly at the post office.
We are providing weekly construction updates on our social media (Facebook, LinkedIn and Instagram) if you want to see more photos and (soon) videos!
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COVID and CONSTRUCTION UPDATE
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The Austin City Council this month unanimously approved two ordinances (
one here
and the
other one here
) providing additional rules and enforcement measures to address the spread of COVID. Here is the impact for construction:
- The enforcement mechanisms have been strengthened. A site (again, that is any commercial property) that does not comply with the minimum health standards and, after notice, fails to take corrective actions may be deemed a public health nuisance and subject to civil action taken by the City. Further, any individuals who knowingly violate a health authority rule may be fined up to $2,000 daily.
The Austin AGC is proud to have been working closely with many member companies to assist you in your efforts to comply with the City's construction requirements related to COVID. T
hank you for all your efforts to Keep Austin Building Safely!
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AGC SALARY SURVEY for TEXAS COMMERCIAL BUILDERS
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The annual
AGC Compensation and Benefits Survey for Texas contractors
is underway! As a member of the Austin AGC, your company should have received on July 12 a Survey Monkey invitation to participate from
aanderson@lgt-cpa.com.
Your input helps provide accurate information on salaries and company financial data/compensation practices in the Texas commercial construction industry.
Deadline to submit is August 10!
The survey covers the Austin, Houston, TEXO (Dallas and Fort Worth), Southeast Texas, and West Texas chapters' contractor firms. The survey is conducted by a 3rd party firm, Lane, Gorman, Trubitt, PLLC, and confidentiality is maintained in that neither company nor company code designations are provided other than a listing of particpants.
In 2019, there were 59 firms in the survey covering 2,252 incumbents in 43 positions. The Austin area was represented by 8 companies, Houston by 16, Southeast Texas by 1, West Texas by 2, and TEXO by 32.
Survey Result Details Include:
- Revenue & Employment Data
- Salary Administration
- Salary Ranges
- Formal Merit Budget & Increases
- College Graduate Hiring Rates
- Retirement Plans
- Automobile Allowance
- Medical & Dental Coverage
- Vacation & PTO
- Holidays
Cost for a copy of the final survey results is $250 for participating firms, and $600 for non-participants.
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INVESTING & MARKET VOLATILITY DURING COVID
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- Recent volatility in the financial markets
- A historical perspective on markets during previous events
- Why stock price fluctuations should be viewed as a normal part of investing
- Investing in the AGC 401K plan
You will have the opportunity to submit questions during the webinar as well, and w
e hope you can join us! REGISTER HERE
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When: Wednesday, August 19, 2020
Time: 10:00 AM
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Austin AGC member companies are now eligible to participate in the
AGC Southwest Chapters 401(k) Plan, one of the largest association plans in the nation with more than $350 million in assets and over 100 participating companies. The plan started in 2009 at the AGC Houston and in 2012 merged with the Louisiana AGC multiple employer plan.
As an Austin AGC company member your firm can now join this "closed" MEP as an adopting employer. Under a closed MEP there are no individual audits, no 5500 tax filing or other tasks affiliated with an "open" MEP or individual 401(k) plan for your company. This results in large costs savings for your company. Further, there is no liability for you as the Trustee, Plan Administrator or Named Fiduciary.
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JOIN the AGC of AMERICA BUSINESS DEVELOPMENT FORUM!
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Business Development (BD) is a big part of the success of AGC member companies. According to the 2016 SMPS survey for their Sell.Do.Win Business.Report, A/E/C firms are spending more money on BD than they were in the past. Comprised of BD professionals, seller-doers, and executives, the AGC of America BD Forum is a FREE resource to help you increase the profitability and visibility of your firm by giving you access to best practices, insights into A/E/C trends, and avenues to connect and network with peers.
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