Better Job Costing and Labor Controls to Increase Profits

Provider: Informa
Discipline: Bidding Practices
Credits: 1.50

Construction is a labor intensive industry. Even with the modern technical advances, power tools and computers, contractors and subcontractors still need a labor force to build and remodel. And the cost of that labor force might be more than you know. It is crucial for contractors to understand and measure the true costs of sending an employee out in the field. Once determined, the estimator can use that cost rate creating estimates and the accounting/project management department can use the same rate for job costing. This session will teach you how to determine the true cost of field labor.

1. Outline all costs that should be included in a fully burdened labor rate
2. Identify direct job costs hiding in your overhead costs
3. Utilize this information to determine your billing rates
4. Apply information learned in this session to avoid the pitfall where growth in volume causes reduction of profits

For more information please visit www.worldofconcrete.com or contact Informa at 972-536-6416.

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