Remove Insurance Remove Organization Remove Profitability
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Unit Price Construction Cost Estimating

Job Order Contracting

Another requirement to enable cost visibility, transparency, and management is a locally researched line-item unit price book database, organized using CSI Masterformat. To mitigate variables, the unit price cost database should only reflect the direct costs of labor, material, and equipment, fringes, and insurance.

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Construction Cost Optimization

Job Order Contracting

Labor Based upon contract requirements, local labor costs may be sourced from published Davis Bacon Wage Rates, or published state data sources, or directly researched local prevailing wage rates with appropriate inclusion markups for worker compensation, unemployment, liability insurance and allowance for small tools and consumables.

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2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Liability insurance based upon local contractor rates is also added as a percentage. The base rate does not include overhead and profit, however, can be added if needed.

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10 Ways Technology Is Closing the Productivity Gap

Viewpoint Construction Technology

Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. Good communication throughout the construction organization can be hard to come by. Improve Communication and Collaboration. Drones and other technologies assist with jobsite tracking.

Products 221
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Finding the Equipment Management Sweet Spot

Viewpoint Construction Technology

So, taking proper care of heavy iron the machines is key to bringing in projects on time and maximizing profitability. Owning vs Operating: Maximizing Construction Equipment Productivity and Profitability. When a piece of equipment is purchased, there are ownership costs that occur regardless of how the machine is used.

Equipment 189
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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management.

Cash Flow 168
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. ROPE stands for Research, Organize, Plan, and Execute. Organize the research. Our lead analyst organizes information into logical components and processes. Organize the research. Our lead analyst organizes information into logical components and processes. STRATEGY |. MANAGEMENT |. ACCOUNTING |.