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Just three random important things for contractors that didn’t make up an article all on their own: the legality of audio recording, running one man short, the golden rule of bid forms.
http://sjcivil.net/news/shhh-youre-being-recorded-and-two-other-tips/
There are very few “court-accepted” ways a contractor can quantify his or her loss as a result of labor productivity, or lack thereof. MCAA’s (Mechanical Contractors Association of America, Inc.) document PD 2 Factors Affecting Labor Productivity is one of the most widely used methods in practice.
http://sjcivil.net/claims/quantifying-the-loss-in-labor-productivity-the-mcaa-factors/
There are basic differences between cash and accrual accounting. Here’s a quick review...
http://sjcivil.net/news/cash-v-accrual-accounting-whatchu-talkin-about-willis/
Let’s run through an example. Let’s do an example so you see some of the challenges. Let’s take one cost code in your budget – let’s look at roadway subgrade. Below we have the budget for this cost. You can see the cost code is “1001” and there are five cost components of this cost code: labor, equipment, consumable material, permanent material, and subcontractor cost. This can be viewed in the columns from “Cost Code” to “Budget($)”.
http://sjcivil.net/news/how-to-do-a-job-cost-projection-cutting-through-the-fog-part-2/
Executive summary. An accurate job cost projection is vital to Company survival. And it’s not too complicated if you know the budget, the timing of your costs, and can do a little bit of estimating. It’s NOT about blindly relying on quantities completed!
http://sjcivil.net/news/how-to-do-a-job-cost-projection-cutting-through-the-fog-part-1/
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