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Employers predict ‘modest’ 3.9% pay increases for 2024

Construction Dive

of their employee population next year — spending part of their compensation budgets on related raises. Companies also plan to promote 8.7%

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Construction Budgeting Resource for Arizona

Carol Hagen

Construction company budgets are heavily weighted to the salary and compensation plans of their employees. Whether it’s the chief estimator, accountant or IT director, knowing what the going rates are in your area can help you budget and ultimately attract the best talent to your construction firm.

Arizona 135
professionals

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Why Public Sector Building Owners Should NOT Pay Percentage-based Compensation to JOC Consultants

Job Order Contracting

The relationship and dynamic is key to a win-win relationship that enables over 90% of JOC project to be delivered on-time, on-budget, and to everyone’s satisfaction. The post Why Public Sector Building Owners Should NOT Pay Percentage-based Compensation to JOC Consultants appeared first on 4BT. Higher JOC Program Costs.

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

On average, the cost of builders risk insurance is between 1% to 4% of the project’s budget. For instance, if your construction budget is $500,000, the insurance premiums may cost between $5,000 and $20,000 depending on structure and insurance company. . Workers’ Compensation Insurance.

Insurance 156
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How a Compensation Strategy Helps You Compete for Talent

Construction Business Owner

How a Compensation Strategy Helps You Compete for Talent. Compensation strategy is often limited to the financial side of business, but a well-designed compensation plan is much more than a budgeting tool. Compensation. Mon, 10/31/2022 - 10:20. Fill out the form to download the white paper. . Main Image.

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Watchdog MPs blast “floundering” HS2 Euston Station plans

Construction Enquirer

. “The pause, ostensibly to save money, is not cost free – mothballing and possible compensation for businesses which have lost work will all need to be added to the HS2 tally. “Our report finds that a wildly unrealistic budget for HS2 Euston was set in 2020 in the expectation that it would be revised.

Plans 81
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Best Practices for Developing a Contractor’s Request for Compensation

Best Practices Construction Law

Recently, Cordell sent me a list of items that all contractors should review when developing a request for additional compensation. Identify any trends and determine whether there is a causal event for any loss of productivity that may be compensable. Determine actual productivity and compare it with the anticipated productivity.