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Time and materials (T&M) billing should be simple. A contractor should be able to track hours, bill their client, and get paid for their work. But for many contractors, the process isn’t as easy as it sounds, and it can

Choosing the best construction contract for your project can make a big difference for your bottom line and peace of mind. Cost-plus contracts and time and materials (T&M) contracts are two common construction industry options, each with its own pros

Many construction projects suffer low productivity. For the past 20 years, productivity in this sector has grown only by 1%. That’s quite low compared with the 2.8 percent growth of the entire world economy and 3.6% growth for the manufacturing

Explore how T&M contracts enhance flexibility and transparency in construction. SmartBarrel’s advanced tools simplify time tracking and workforce management for seamless project execution and success. … Read More

The growing progress of construction demands strong labor oversight to help teams meet project objectives. Modern technologies create a foundation for contractors to increase work output alongside safety measures while making all operations run better. Studies by Colorado State University’s

The construction industry thrives on precision, accountability, and efficiency. Yet, there is one major oversight that completely derails these three key principles: time theft. In an industry where potentially every hour counts, the unchecked draining of time can drain resources,

Choosing the right type of contract in the construction industry becomes an important issue since it affects the project’s total cost, duration, and success. Contractors often have to decide whether to use a time and materials contract, which offers different

The construction burden refers to all indirect expenses involved in hiring a worker other than the payments they receive per hour. These hidden expenses, such as payroll taxes, insurance, benefits, and workers’ compensation, can hurt the financial outcome of a

Geofencing is a location-based technology that helps track attendance in the construction industry, as it uses GPS to set virtual boundaries for people. By creating virtual boundaries around construction sites, companies can automate the check-in and check-out process, ensuring precise