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Keep Your Hands Safe in the Workplace This Winter ccapoccia Thu, 01/04/2024 - 12:11 Hand injuries accounted for 102,350 days away from work in 2020, according to the Bureau of Labor Statistics and the National Safety Council.
This statistic doesn't include the amount of injuries that are seen in the field every year, which are regularly numerous and often perilous. Many business owners understand the inherent dangers of working in construction and try to account for this by imposing new rules or leaving the responsibility to workers to fix the problem.
Construction is always changing, which is why it’s worth keeping up with important statistics and developments across the industry. Jump to statistics by topic: General Outlook. Workforce Statistics . Spending on construction accounted for 13% of the global GDP in 2020; it’s expected to reach over 13.5% Bouncing back.
Wally Zimolong over at Supplemental Conditions posted a piece about federal bid protest statistics. There were a few statistics in the report that I thought were pretty telling. But the statistic that stayed consistent was also pretty disturbing. First off, the number of formal bid protests rose almost 50% between 2008 and 2012.
While rates for labor, materials, and equipment are based on surveys and/or cost data from actual vendors, suppliers, builders, contractors, and construction projects and follow industry and statistical standards, so derived costs are likely to represent actual projects within a range of +/- 30%-40%.
There is overwhelming statistical significance and audit reporting that the cost estimates used to for physical infrastructure decision-making are highly and systematically misleading. Variances in labor, material, equipment, productivity, and means and methods cannot be accounted for by simply using a cost factor. References.
Climate Climate in a narrow sense is usually defined as the “average weather,” or more rigorously, as the statistical description in terms of the mean and variability of relevant quantities over a period of time ranging from months to thousands of years. The classical period is 3 decades, as defined by the World Meteorological Organization.
If your construction accounting system doesn’t have at minimum a drag n drop feature for documents and emails, it’s time to look for an integrated, comprehensive replacement solution. ” These are compelling statistics. If this is happening in your construction office it’s time to address the problem.
ACCOUNTING |. Accounting & Finance. Industry Statistics. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.
Accident at work specialists, Tranter Cleere Solicitors , have trawled through the figures released for 2012/2013 to bring you an ‘at a glance’ look at some of the key statistics released; Fatal Injuries. It’s not a nice place to start yet the fact that there are fatal accidents within the construction industry can’t be hidden.
Bureau of Labor Statistics, revealed that in 2013, the number of fatal work injuries in the private construction sector stayed about the same as the year prior. However, the 796 fatal work injuries that did occur accounted for the highest number of fatal work injuries of any industry sector.
Construction industry statistics and data are increasingly important as they help accelerate decision-making on and off the construction site. And while project data is ideal for decisions in the present, relevant industry statistics can light a path in the dark for future decisions. See statistics by topic: General Outlook.
This statistic doesn't include the amount of injuries that are seen in the field every year, which are regularly numerous and often perilous. Many business owners understand the inherent dangers of working in construction and try to account for this by imposing new rules or leaving the responsibility to workers to fix the problem.
Annual statistics released by the Health and Safety Executive (HSE) confirm that there were 51 fatal injuries to construction workers in the year to March 2024. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.
ACCOUNTING |. Accounting & Finance. Industry Statistics. There are plenty of construction-specific accounting packages that work the way construction does and can efficiently prepare W2s and 1099s and year-end financial reports. Tags accounting. accounting software. Construction Accounting Software.
ACCOUNTING |. Accounting & Finance. Industry Statistics. For instance, Foundation Software’s vision is this: “To provide the best in accounting software and service for the labor intensive contractor.” Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.
Here’s the really eye-popping statistic: If the industry closed that gap and increased productivity levels to match the rest of the economy, the construction sector’s value could increase by $1.6 percent growth for the economy as a whole. A lag in productivity doesn’t only mean the industry loses out on possible earnings.
LinkedIn has added a great “beta” feature called “Jobs You May Be Interested In” You can see it displayed, just below your statistics on “who’s viewed your profile” and “Your LinkedIn Network” on the right hand side of your home page.
But despite their proven importance, many business owners dread and avoid accounting tasks. Smart Contractors know their time is more valuable spent meeting prospective clients, putting together bids, managing job sites, and many other things other than bookkeeping. So they find someone else to do it.
ACCOUNTING |. Accounting & Finance. Industry Statistics. The right construction-specific accounting software package will allow you to easily create all of these reports with the click of a button (eliminating manual entry through Excel spreadsheets) and to supply the required reporting to your bonding agency. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry Statistics. My company’s flagship product continues to evolve, and we constantly have one goal in mind: to be the industry leader in new sales for construction accounting software. Tags accounting. accounting software. Construction Accounting Software.
Recent employee theft statistics are increasing, and small business owners are more vulnerable to the problem. Some standard methods include: redirecting company checks to personal accounts and altering entries to cover up the theft. The most common embezzlement methods include billing fraud, cash on hand, and check tampering.
Women account for more than half of the U.S. The reasons could be a combination of too few role models, mentors, and advancement opportunities, based to a statistical analysis of women’s progress in this field by the Association of Collegiate Schools of Architecture (ACSA). population. read more.
ACCOUNTING |. Accounting & Finance. Industry Statistics. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Needless to say, most accounting departments are rather busy right now. Tags accounting. accounting software. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry Statistics. But should you rely on spreadsheets for accounting and jobs analysis? Today, new software applications – in job cost accounting, project management, estimating, etc. Tags accounting. accounting software. Construction Accounting Software.
Construction workers are seen as having the worst attitudes towards workplace health and safety by 37% of health and safety professionals, according to research from occupational health and safety trainer RRC International, who say the official statistics hugely understate the real scale of the problems. See the panel to the right.
ACCOUNTING |. Accounting & Finance. Industry Statistics. NEWSFLASH: In the exciting world of construction accounting software, the inmates are in control. Chaos reigns and some very ugly accounting software systems have infected the back offices of construction companies nationwide! Tags accounting.
Modeling employs statistical techniques like multiple regression to identify factors that correlate to high sales potential or likelihood of promotional response. What is your “account penetration” level by customer? Dividing the ranked list into three groups is common to identify heavy, moderate, and light users.
There is overwhelming statistical significance and audit reporting that the cost estimates used to for physical infrastructure decision-making are highly and systematically misleading. ACFs are not a defensible method for adjusting for location-based and time-based variances in construction costs.
Then there is the definition of accurate to consider… from the same source… “ accurate adjective / (of information, measurements, statistics, etc.) MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. “ By definition, a construction cost estimate is an approximation.
Commercial construction jobs account for 60% of all industry jobs while residential accounts for 40%. million in August, the latest month for which figures from the Bureau of Labor Statistics are available. Many commercial and retail businesses have continued to struggle as Americans stay indoors. Construction employment was 7.2
Bureau of Labor Statistics reports. Despite a surge in OSHA enforcement in recent years, workplace fatalities in 2015 hit their highest level since 2008, the U.S. The total of 4,836 fatal work injuries in 2015 was up slightly from the 4,821 reported in 2014.
ACCOUNTING |. Accounting & Finance. Industry Statistics. We have a very strong payroll module in our construction accounting software FOUNDATION for Windows. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |.
In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.
ACCOUNTING |. Accounting & Finance. Industry Statistics. For example, maybe the first step for your business is switching from a completely manual or general accounting program to one focused just on construction. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |.
ACCOUNTING |. Accounting & Finance. Industry Statistics. The goal of sabremetrics is more about making objective decisions about the value of a baseball players rather than being fooled by misleading statistics. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |.
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