Remove Building Performance Measurement Remove Construction Equipment Remove Estimating
article thumbnail

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

Buildern

Builders often find labor as one of the most unpredictable expenses in construction. 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. According to the U.S.

article thumbnail

How to Create an Independent Government Cost Estimate

Job Order Contracting

What is an Independent Government Cost Estimate? An IGCE (also in construction related service an IGE) is a cost estimate developed by the Government Requiring Activity, based on the requirements of the Performance Work Statement (PWS) or Statement of Work (SOW). How was the estimate made?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Buildern

In this guide, we’ll break down the planning process step-by-step and figure out how construction management software tools help in creating a realistic and flexible plan. A home or a commercial project owner shares the vision about what the building is and what approximate budget boundaries exist. Who’s Involved in Initial Planning?

article thumbnail

Construction Project Forecasting for Better Budgeting and Scheduling

Buildern

How often do construction projects go exactly as planned? The root of these issues always lies in neglecting certain aspects of construction project forecasting, leading to inaccurate assumptions and limited visibility into what’s ahead. Table of Contents What is Construction Project Forecasting? And in the U.S.,

article thumbnail

Track construction field productivity in real time with digital tools

iField Smart

Reading Time: 4 minutes In a construction era where inefficiencies and miscommunication can take a project off-track, it is crucial to keep projects on track using construction field productivity tracking. The significance of construction field productivity tracking in modern building. What are the benefits?

article thumbnail

Barrier breakthroughs: Achieving airtightness in modern construction

Construction Specifier

Photo courtesy Intertek As building codes and standards evolve, the demand for airtight, environmentally friendly building enclosures increases among building owners, insurers, and design professionals. Air barriers are essential for maintaining the integrity and performance of building enclosures.

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. Whether you’re managing one or ten projects, tracking key construction KPIs is what separates profitable businesses from those just getting by. Table of Contents What Are Construction KPIs?