Construction projects are expensive, but labor is the most expensive cost. If you aren’t monitoring your spending, it’s easy for it to get out of control. But that doesn’t mean that you need to spend all your time in your office managing your spreadsheets. With the right software and the right processes, you can learn …
Labor may amount to 20% to 40% of a project’s costs. That’s a huge range—and a significant burden. Unfortunately, labor costs are frequently complicated and difficult to manage. How do you know whether your employees are at their most productive? How can you even make sure that they’re at the right site? Many companies are …
You have a job to do tomorrow. How much will it cost? If you’re just estimating loosely based on your previous jobs, you’re probably missing out on a lot of revenue. In construction, cost is everything. Frequently, the market sets the price on your bid—and you need to be able to match your competitors. The …
For a construction company, cost reduction isn’t just about increasing profits. Everything from the economy to the seasons can impact construction companies. By reducing your construction costs, you create a more resilient company. What can you do to reduce your construction costs while still growing your business? We’re going to take a look at three …
The GPS tracking device industry is expected to grow to $3.38 billion by 2025. Construction GPS technology provides construction companies with automated tracking for employees, trucks, and equipment. And it’s more accessible than you might think; the most versatile GPS device in the world is already right in your pocket. With the right software, your …
When it comes to profits, labor is a crucial component. In construction, labor costs vary between 30% to 50% of total project revenue. And the smaller your company, the closer your labor costs will be to 50%. To make sure your construction company is profitable, you’ll need to apply strict controls over labor costs. But …
You’ve told us that one of the headaches of managing your payroll is all the administrative work that goes into it. One poor soul told us she spent 10 hours a month pulling together the data needed to get the crew paid accurately and on time. And tax season? Don’t even get her started. That’s …
We can’t just say we’re committed to building the best and easiest hour and cost tracking platform for construction without investing in continuously updating and improving Workyard. And those updates, in large part, are being driven by what we hear from you, the construction company owners and leaders that have given us your support and …
