Remove Building Performance Measurement Remove Building Permits Remove Estimating
article thumbnail

How to Calculate Labor Cost in Construction the Right Way [Key Formulas and Factors]

Buildern

While managing a small residential remodel or a large-scale commercial build, knowing how to calculate labor cost in construction the right way can mean the difference between hitting your margins and losing money. The full picture of labor costs is the first step toward building realistic and profit-conscious construction estimates.

article thumbnail

Construction Project Planning: A Step-by-Step Guide for General Contractors

Buildern

Table of Contents Preconstruction Kickoff Construction Budget Planning Sending Bid Requests Creating an Accurate Project Estimate Preparing a Proposal Risk Management in Construction Project Planning Step 1: Preconstruction Kickoff The first step in the construction project planning is a meeting with the client and the design team.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Financial Construction KPIs Every Contractor Should Track

Buildern

This may sound harsh, but as many contractors struggle with performance reviews, it is more than just a rhetorical question. These key performance indicators help contractors like you keep an eye on cash flow , profitability, and overall financial health. What Are Financial KPIs in Construction? But these five metrics?

article thumbnail

Early Collaboration: The Key to Commercial Construction Risk Mitigation

Commercial Construction Blog

During this stage, the client/GC team collaboratively address site assessments, permit requirements, and scheduling, leveraging the GC’s practical experience in the field. These proactive safety measures reduced the risk of on-site incidents, minimized legal risks, and kept the project in line with OSHA requirements.

article thumbnail

Construction Networking: Building Relationships That Make Projects Easier

Buildern

Here’s what effective construction networking looks like, and how to manage construction collaboration , build relationships that make the job easier and more profitable. This isn’t theory; it is the reality on project sites of every size, from custom home builds to complex commercial developments.

article thumbnail

Construction Profit Margin vs. Markup: Guide for Contractors

Buildern

Profit Margin Markup Definition Profit as a percentage of revenue Profit as a percentage of cost Formula (Revenue – Cost) / Revenue 100 (Revenue – Cost) / Cost 100 Focus Bottom-line profitability Pricing based on cost Use Case Reporting, financial analysis Estimating, bidding Main Question How much profit do I keep?

article thumbnail

Digital Documentation Tricks Every UK Builder Should Know

UK Construction Blog

Construction paperwork has shifted dramatically from site offices filled with folders to tablets and smartphones on UK building sites. While many builders have mastered their craft through years of hands-on experience, the digital documentation requirements from Building Regulations to health and safety records now demand equal attention.