Have you ever wondered whether you were paying construction workers too much or too little? How do you attract and retain quality talent while maintaining the proper profit margins?
Accounting for labor is integral to determining project costs, but it’s a mighty task to undertake, complicated even further when working
Properly managing a project’s finances can be the difference between success and failure. A Global Construction Survey conducted by KPMG found that only 31% of projects end up being within 10% of their original budget.
A large part of expense management involves tracking and calculating direct labor costs. The number
The construction industry can be dangerous to work in, rife with hazards that put workers at risk for falls from great heights, injuries from working with machinery and heavy equipment, and electrocution. In fact, the U.S. Bureau of Labor Statistics states that nearly 1,000 workers in construction suffered fatal work
Tracking labor productivity in the construction industry is necessary to improve yield without sacrificing quality or compromising safety.
Especially since the industry already grapples with productivity issues (in fact, non-productive tasks cost the industry $177 billion in labor costs per year), boosting efficiency can help stimulate progress so you meet
Due to the large and complex nature of construction projects, it’s often required to hire subcontractors to complete segments of the project that require more specialized knowledge, like electric or concrete work. Not only does it prevent risk, but it can save general contractors time and energy.
But it’s not
NJ prevailing wage laws require that all contractors are paid according to the correct wage rates when working on government-funded construction projects. The New Jersey Prevailing Wage Act describes projects that qualify as public and contracted work paid by a “public body” (such as the state of New Jersey or
Construction cost codes are commonly used on job sites, but if you’re new to the construction industry, you may be wondering what these numerical values mean and how construction sites benefit from using them.
Here’s everything you need to know about cost codes, and how the SmartBarrel device can help
Construction projects often face unexpected delays, weather constraints, and contractor issues. Depending on the issue, progress can be affected on the field and in the office, so it’s important to minimize these obstacles as much as possible. A large part of preventing these problems involves proper construction resource planning.
Resource
This generation is experiencing an unprecedented moment in its history; personally and professionally. We are now tasked to shift our approach from established systems and social norms. COVID-19 has forced every business – including the construction industry – to reimagine the future and to kickstart the adaptation process.
While monitoring …
It is around 6:00 am on a Tuesday and I am rolling out of the hotel bed in beautiful San Francisco. Still heavily jet-lagged thanks to the flight from the East Coast, I stumble to make myself a small pot of coffee to get the day started. A light breakfast, …
