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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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The most important construction KPIs to improve profits and productivity

Lets Build

If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue. What mistakes were made on the less profitable jobs?

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Emerging issues in safety: Risk assessment, sustainability

FDR Safety

In the mid-‘90s, when I was part of the National Safety Council’s Institute for Safety through Design (now “sunset”), risk assessment was more of a concept and vision than a reality for most organizations in the U.S. In this case, risk assessment has definitely moved to the mainstream in just a couple blinks of the eye.

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The 7 Biggest Construction Safety Stories of 2020

Construction Junkie

2020 was a challenging year in many respects, but none greater than from a safety standpoint. The coronavirus pandemic placed the notion of “people over profits” under the microscope, while also balancing the needs of their employees to continue to make an income under difficult circumstances.

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Construction Cost Estimate

Job Order Contracting

To estimate, per the Merriam-Webster dictionary, is to produce a statement of the approximate cost. Construction cost estimators know there is a more to it than this definition indicates. Site, Weather, Time, Safety, Security, Factors. Contractor Overhead & Profit. Estimate Considerations. Scope of Work. Quantities.

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Department of Labor Clarifies Independent Contractor Classification

Pro Builder

The National Association of Home Builders says it has requested extra clarification on the ruling due to conflicting federal tests, in addition to requesting consistency for the definition of employee. Jobsite Safety. DOL’s new rule even includes specific examples for the construction industry. Read Mo re. Housing Policy + Finance.

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Business Intelligence for Construction is On the Rise & It’s Obvious Why Contractors are Loving It

Viewpoint Construction Technology

Considering contractors face ongoing high pressure to perform and operate with razor-thin profit margins, there’s no doubt: construction is a challenging industry. I definitely think contractors who are not thinking about moving to the cloud are at a disadvantage. A Challenging Industry Warrants Sophisticated Tools. Soule and Co.