Hawaii's Tax Pyramid plan crippling small businesses
State's answer to its budget deficit is crippling small construction companies
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Honolulu shows Highest Cost increase
This chart shows the hypothetical cost of similar construction bids in 11 U.S. cities and how those costs have changed since last year. The chart was created by Rider Levett Bucknall, a global property and construction consulting company. It indicates that Honolulu had the biggest construction-cost increase from January 2011 to January 2012 – an increase more than double that of any other city. RLB says this index tracks the true bid cost of construction, including labor and materials, general contractor and subcontractor overhead costs, fees (profit) and the standard taxes for construction contracts in that city.
Honolulu construction: poised for an upturn?
This chart estimates the current position of each city is its construction-business cycle, according to Rider Levett Bucknall, a global property and construction consulting company. RLB says current indicators show that the cities on the left appear poised for an upturn in construction activity; the closer the city is to the rising line, the closer it seems to be to a significant upturn. Honolulu is furthest from the rising line, indicating it may be the last of these cities to rebound. Cities on the right side of the chart are at the end of a construction cycle and there is no evidence yet of a pending rebound in construction activity there. For example, indicators show that Las Vegas is the major city that is furthest away from a construction upturn.
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