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7 Strategies to Reduce Labor Costs in the Construction Industry
More than 61% 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 $363,300, labor costs...
10 Strategies for Successful Construction Project Management
If you embrace challenges, being fully responsible for the success of a construction project can certainly be invigorating. However, it can also be intimidating. After all, successful construction project management is not always easy to implement. Nonetheless,...
3 Tips for Understanding Millennials in the Construction Industry
Nearly a quarter of a million construction industry jobs in the United States are open, but most construction firms and contractors find it increasingly difficult to fill them. But what about the younger generation? Consider the challenge that most current laborers...
9 Ways to Improve Workflow Efficiency in Your Office
Approximately three hours of every eight-hour workday is wasted on unnecessary or personal tasks. This equates to 15 hours every week doing tasks that do not promote workflow efficiency. While you can’t cut down on every timewaster, you can take steps to manage and improve workflow efficiency procedures. This will cut down on employer-created workflow issues. […]
10 Steps to Improve Employee Productivity Tracking
The global pandemic has impacted varying industries around the world. The construction industry is no exception—a recent study considered how the pandemic has affected construction project productivity. Simply put, for a construction project to turn a profit,...
5 Times to Consider Using a Time and Material Contract
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...
Improve Labor Productivity for Greater Profit in 5 Steps
Do more in less time. More revenue with fewer resources. Leverage digital tools with a proven positive impact on productivity. These are important ways organizations seek to calculate and improve productivity. Let’s focus on labor because it is a significant part, if...
Why User Interface Matters in Construction
Tommy Kuntze shares his thoughts on the value of a good user interface in construction technology and how customers drive innovation. Designing with the end-user in mind Have you ever wondered about the people behind the products and the team behind the...
How to Improve Workforce Productivity
“There aren’t enough hours in a day. We’re behind schedule. We’ll miss the deadline. I need that ASAP or by COB, or we are not OK.” Phrases like this are muttered (or shouted) in workplaces of every shape and size each day. Often rooted in the desire to be more productive – and so, more […]
How to Calculate Construction Labor Cost
As a construction contractor, calculating the value of your work comes with its challenges. You have to account for labor, materials, and equipment, to name a few. Costs can become a bit more confusing when working with a crew or an unforeseen problem arises. For...
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