by Rhumbix | Aug 24, 2021 | T&M Tracking
A time and material contract is an efficient and effective means of charging for services with many variables. From software development to marketing, construction, and more, specific industries require flexibility in their work. But any business familiar with regular...
by Rhumbix | Aug 2, 2021 | Construction Management, Construction Productivity, T&M Tracking
Bidding activity in construction increased by 36% in January 2021 (Autodesk + Dodge Data & Analytics). That’s excellent news for the industry and can open up significant opportunities for your business. Understanding how to win bids and remain competitive sets...
by Rhumbix | Jul 6, 2021 | T&M Tracking
T&M tags track work that is not part of the base contract and necessary for future change orders that potentially will be paid to the subcontractor. The T&M paper process is ubiquitously slow and defined by inefficiency, delays, and uncertainty. Choosing...
by Rhumbix | Jun 24, 2021 | T&M Tracking
How long does it take your team to communicate on items such as safety hazards, delay impacts, or the need for extra work from the field to your office? More importantly, how long does it take for the Foreman to notify the office before beginning work? Have you...
by Rhumbix | Jun 2, 2021 | T&M Tracking
In 2018, 52% of project rework in the U.S. was caused by poor project data and miscommunication at the cost of $31.3 billion, reports Autodesk + FMI. In 2021, inaccurate tracking and delayed visibility into project time & materials (T&M) data continue to cloud...
by Rhumbix | May 16, 2021 | T&M Tracking
A time and materials tag, or T&M tag, is an industry-standard document used by contractors to authorize and document work spent on a particular task, typically performed outside the current contract scope. An everyday use case is where the general contractor (GC)...
