Remove pay
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Pay & Performance Incentives That Work

Construction Business Owner

Pay & Performance Incentives That Work. Some owners use bonus plans based on longevity, arbitrary factors, gut feelings or percentage of pay — but these are ineffective. Tue, 12/06/2022 - 13:50. Many construction companies offer some form of bonus plan, but few feature a results-based incentive program.

Plans 317
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JOC Pay as you go service – More expensive

Job Order Contracting

Some public sector agencies think JOC pay as you go services are appropriate and cost effective. In point of fact, paying a percentage fee to a “JOC consultant” for tools and services is up to 10x more expensive than simply paying for annual software and cost data subscriptions, and any required training.

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Construction Business Practices For Getting Paid And Paying Yourself

Contractor Bookkeeping

The issue, of course, is that clients can only pay you once you've invoiced them. And as you make your salary a top priority, you can also pay yourself. You need an invoicing system that makes the process less painful—or even removes it entirely from your hands.

Finance 100
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How Paying Closer Attention to Contracts Can Mean More Successful Bids

Construction Business Owner

How Paying Closer Attention to Contracts Can Mean More Successful Bids. Alex Headley. Wed, 03/10/2021 - 07:30. Submitting a competitively priced bid is key for a bidder to be selected and awarded a contract to build an owner’s project. However, submitting a competitive price is only part of the equation.

Bidding 348
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The Specialty Contractor's Guide to Job Cost Accounting

Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses.

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Construction workers secure 7.6% pay increase

Construction Enquirer

Construction unions and contractors have agreed a pay increase from next month of at least 6% for around 500,000 site workers operating under the Construction Industry Joint Council agreement. Additionally, the lowest pay rate for labourers will increase by 8%, with the entire increase being introduced in July. from January.

Security 127
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How Labor Shortages & Virtual Work Are Changing Purchase-to-Pay Processes

Construction Business Owner

Among other new advances in purchase-to-pay technology, we’ll walk through the ability to retrieve invoices by email, optical character recognition (OCR), paperless invoice routing, lien waiver management, payment automation and more.

Software 290
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The Ultimate Procurement Software Buyer’s Guide

Source to Contract vs Source to Pay. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it? Categories of Procurement software –– What’s available? The ultimate question: to suite, or not to suite? Key Considerations –– Who should you go with? How do you find them?