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tm vs fixed fee

Comparing Time and Materials and Fixed Fee Contracts for Construction Success

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 benefits or challenges, or a fixed-fee contract. Understanding the ins

labor burden

Understanding The Hidden Costs Of Labor Burden In Construction

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 project. If out of control, the labor burden can exceed

Geofencing attendance

How Geofencing Is Transforming Attendance Tracking In Construction

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 and reliable attendance data. The need to manually enter work

labor tracking

The Future of Labor Tracking: What Contractors Need to Know

Current methods of labor tracking in construction have come a long way. With studies showing that automated labor tracking systems can reduce administrative costs in companies by up to 30%, it has become very important for assessing the success of any particular project. Due to the increasing intricacy of construction

real-time construction data

How Real-Time Construction Data is Transforming the Industry’s Future

The construction industry is defined by constant pressure to meet deadlines, stay within budget, and overcome unexpected challenges. In this high-pressure environment, staying ahead of the curve isn’t just an advantage—it’s a necessity. Enter real-time construction data: the game-changer that’s redefining how projects are planned, managed, and executed.

Real-time data

timesheet automation

Timesheet Automation: The Future of Labor Management

The construction industry, known for its harsh environment, dynamic workforce and complex operation, is constantly changing, in order to make the most of the digital solutions that can help organize and optimize processes while boosting the project’s efficiency. One of the biggest innovations is timesheet automation, which has become a

time and materials billing

Time & Materials Billing Guide for Specialty Contractors and Self-Perform General Contractors

Many contractors in the construction industry use Time and Materials (T&M) billing to manage project costs on complex jobs, where the scope can change at a moment’s notice. With more mega projects being built, like Data Centers and Semiconductor plants, we are seeing owners and general contractors move into T&M

cutting labor costs

Stop Losing Money: How to Cut Labor Costs with Time Tracking Experts and Improve Your Budget

Labor costs are one of the most frustrating problems with the construction of projects. This usually is the deciding factor in a project’s budget. For instance, a mechanical subcontractor in one project had labor costs 25% higher than the previous expectations. This was later manifested in decreased productivity, overtime work,

construction collaboration

Top Collaboration Strategies to Boost Efficiency on Construction Projects

Collaboration has always been critical in construction, but with today’s complex projects, it’s more essential than ever to get it right. A typical project has a wider circle of stakeholders than just the owners and project managers. Architects, engineers, contractors, subcontractors, suppliers, and inspectors all play a role in keeping

Field Team Communication

Why Poor Field Team Communication Costs You Big and How to Fix It

Poor communication among field teams in remote construction areas can mean costly delays and project risks. Teams struggle to coordinate effectively without real-time updates, putting projects at risk. By adopting a digital communication platform, teams gain access to real-time updates, which allow them to work closely, stay on schedule, and