by Rhumbix Editorial Staff | Oct 12, 2018 | Construction Productivity, Construction Trends, Labor Costs
If you work in the construction industry, you know that your business profits depend on delivering a solid estimate. Your ability to arrive at an accurate, competitive estimate is the critical first step to any successful building project. For many business owners,...
by Rhumbix Editorial Staff | Oct 8, 2018 | Labor Costs, Timekeeping & Payroll
More than 55% of the final sales price of a construction project goes to building costs. In general, the cost of labor and materials gets split 50/50 but in some residential homes, it’s close to 30/70. With the median price of a new home around $320,000, the...
by Rhumbix Editorial Staff | Aug 10, 2018 | Labor Costs, Timekeeping & Payroll
Every business has to consider direct labor vs indirect labor costs when contemplating contracts. For craftworkers and construction companies, these costs are important in determining whether or not to take a contract. But what type of labor is included in each and...
by Stephanie Patterson, Rhumbix Insider | Jul 12, 2017 | Big Data & Construction, Labor Costs, Workforce Telematics
When Rhumbix first started looking into the construction productivity problem, it became clear very quickly that timekeeping data was foundational to understanding labor productivity. Recently Guy Skillett, our Director of Construction Innovation, unpacked this topic...
by Stephanie Patterson, Rhumbix Insider | Jul 11, 2017 | Big Data & Construction, Construction Innovation, Construction Technology, Labor Costs
We always enjoy seeing which articles from our blog get read and shared the most. It’s a great way to stay connected to the challenges that are top of mind for our customers. As we look back over the first half of 2017, there are 5 clear winners that we think are...
by Stephanie Patterson, Rhumbix Insider | Mar 29, 2017 | Construction Management, Labor Costs
Labor is the largest and least understood cost on construction projects, typically making up at least 50% of the budget. The industry thinks about labor as a fixed cost, one that you don’t have much control over. But if you look more closely at what makes up...
