Practical Tips To Trim Your Overhead Costs

Contractor Bookkeeping

Regardless of your business's nature, the first step to reducing your overhead costs is to take the time to go through every single expense you have.

What Are the Methods of Overhead Allocation?

Construction Business Owner

What Are the Methods of Overhead Allocation? Remember the old adage: measure twice, allocate overhead once. The best method for allocating overhead in construction is a way that’s fair. Figuring out how to strike that balance is the art of overhead allocation.


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Hilti Unveils Semi-Autonomous Overhead Drilling Robot, Called Jaibot

Construction Junkie

Hilti , known for its wide selection of power tools and fastening applications for the commercial construction industry, recently took a step outside the box when they announced the release of an exoskeleton to help relieve the bodily toll overhead work takes on workers. Yesterday, however, Hilti took that overhead work solution to the next level, by introducing their first robot, a semi-autonomous overhead drilling solution called Jaibot. courtesy of Hilti.

Woodruff Construction Snatches Runaway Tool Costs from Overhead Black Hole

ENR Construction

Woodruff Construction, a general contractor that provides award-winning design-build, construction management, and project development services to clients across Iowa, needed to get a better handle on overhead costs so they could be allocated to job costing and billing

Hilti's Overhead Drilling Robot Brings Further Automation to the Jobsite

ENR Construction

Tool manufacturer Hilti is launching a semi-autonomous overhead drilling robot to aid overhead drilling, which is one of the most strenuous tasks in the building trades

Mechanical Exoskeleton Eases Strain of Overhead Work

ENR Construction

Repetitive overhead tasks are rough on the back and shoulders and can result in stress injuries over time. While some companies have exoskeletons designed to improve lifting, Levitate’s Airframe exoskeleton is designed for overhead work

How to Construct Overhead Masonry Water Tank? [PDF]

The Constructor

The terrace water storage tank is generally constructed using brick masonry, which is placed on an elevated platform to provide a reserve supply.

Raise Revenue by Understanding Overhead

Construction Business Owner

I can’t sell enough work at my old markup rates to cover my overhead,” he said. “So, Michael is the owner of a ceramic tile contracting company in Michigan who called me looking for advice. He complained about his customers continually asking for lower prices and the cheap competitors who don’t charge enough. His business was slowing down. “I So, I lowered prices another 5 percent to try to attract more sales.” His lower prices still didn’t attract enough new work. What should I do

Family Critique - Overhead Storage Bin

Revit OpEd

The family in my sights today belongs to the Furniture System category and is called Overhead Storage Module.rfa (see image). The Project templates that Autodesk provides have a linestyle called Overhead. In a past post I was critical of how it was made and described what could be done to fix it. With that in mind, let's examine another family and see how very minor changes will improve the user experience.

Unabsorbed Overhead: Real or Phantom Damages?

Construction Dive

By Bruce Jervis Unabsorbed home office overhead has long been a controversial form of delay damages. Featured …Recovery of Unabsorbed Overhead Required Proof of StandbyUtility Not Immune from Delay Damage SuitThe rationale is that if work on a contract is suspended, the contractor is unable to bill against that contract and the contract does not carry, or absorb, its proportionate share of the fixed home office expenses.

Hilti To Offer Exoskeleton for Overhead Work in 2020

ENR Construction

With a focus on productivity and encouragement of social distancing on construction sites, tool manufacturer Hilti has announced a raft of new products, including the EXO-O1, a wearable mechanical exoskeleton

Should Field Overhead Always Be Priced as a Percentage?

Construction Dive

By Bruce Jervis Jobsite overhead, sometimes called field office overhead, is not really “overhead” at all. Nonetheless, the term “overhead” is widely used and the Federal Acquisition Regulations allow government contractors to treat it as an indirect, percentage-of-contract cost component when pricing change orders. It is a direct cost of performing a single construction contract at a specific site.

Overhead Conveyor Belt Moves Concrete Over Moving Traffic

Construction Equipment

Workers have installed a conveyor belt over the eastbound lanes of Denver’s C-470 as part of an expansion project, moving nearly 150,000 square yards of concrete over highway traffic. The concrete is then dropped into trucks and fed to a giant paving machine. The $276 million project will expand a

18 Different Types of Cranes Used in Construction

Learn Civil Engineering

Different types of cranes are used in civil engineering construction projects. Cranes have an important significance in constructing the structure of the building. They are employed to raise and lower objects. Cranes are most often used in the lifting of heavy equipment in the construction area.

Overhead: A Silent Killer

ENR Construction

Business Cycles and Fixed Costs By Thomas C. Schleifer, PhD. Opinion

Do You Maintain the Distinction Between Overhead Items?

Construction Dive

By Bruce Jervis Contractors frequently speak of, and even account for, their overhead costs in a loose, generic manner. Job site or field overhead is very distinct from home office or general and administrative overhead. The methods for proving entitlement to field overhead differ from the methods for proving entitlement to home office overhead. When contractors treat overhead as a unitary item, problems arise.

How to Stop Overhead From Being A Silent Contractor-Killer

ENR Construction

A survey of the overhead costs construction companies cut during the downturn could help anticipate needed cuts in the future. Opinion

Maintaining the Distinction Between Profit and Overhead Mark-Ups

Construction Dive

Lost overhead billings are generally not recoverable. The overhead would have been an indirect cost of performing the contract. It is important to maintain the distinction between profit and overhead mark-ups, but this is not always done. Contractors sometimes estimate and price work by applying a melded overhead and profit percentage to direct costs. By Bruce Jervis A wrongfully terminated contractor is entitled to recover lost profit from the project owner.

Estimate Outsourcing; Year End Analysis = Overhead Savings

Chianelli Estimating

Why sustain a staff with top heavy overhead when using an outsource estimating company can cut annual expenses? So another year is just about in the books. . Construction estimating requires constant adjustment to stay competitive; to land your share of projects. How accurate were your project conclusions? It’s time to review your approach and measure those results; to see what’s working, what’s not and how to adjust. Are you losing your market place?

Keeping KeyArena's Landmark Lid Overhead at Climate Pledge Arena Redevelopment Is A 22,000-Ton Balancing Act

ENR Construction

Arena’s building team in quake-prone Seattle uses 4D BIM to manage the constructibility nightmare associated with supporting an iconic cover during construction

Contractors, Let Go of Unneeded Overhead

ENR Construction

Flexible overhead may be the answer to a contractor’s constant navigation amid the rising and falling business cycles. Opinion

PSMJ Resources Blog: 11 Ways to Cut Overhead

PSMJ Resources

11 Ways to Cut Overhead. Here are eleven creative ideas to reduce your overhead expenses. Assign collateral duties to everybody in the office, virtually eliminating overhead positions. 11 Ways to Cut Overhead. skip to main | skip to sidebar. Monday, July 23, 2012. Is your firm thinking of ways to cut costs? Require all project-related. printing to be done outside the firm so vendor invoices can be passed on to clients as reimbursable expenses.

What to Include in Your Overhead Markup

Construction Business Owner

The key to being profitable is understanding ?your your job costs

Healthcare lighting innovation: Overhead fixture uses UV to kill airborne pathogens


Designed specifically for hospitals, nursing homes, child care centers, and other healthcare facilities where infection control is a concern, the Arcalux Health Risk Management System (HRMS) is an energy-efficient lighting fixture that doubles as a germ-killing machine. read more. Architects Building Owner Contractors Designers Engineers Facility Managers Healthcare Buildings Hospitality Facilities Building Technology Hospital Design Trends Interior Architecture Lighting

Overhead, marketing and sales: The challenge of inconsistency in construction marketing

Construction Marketing Ideas

Michael Stone in his latest blog posting warns against “overhead creep” He also warns contractors to keep a close eye on the payroll — overstaffing can be a business killer. We also keep a close eye on our overhead and business costs. Yet he advocates that contractors spend money on marketing and advertising, through good times and hard. Of course, I enthusiastically applaud the latter suggestion because, well, we sell advertising for a living around here.

A point/counterpoint look at cutting overhead

PSMJ Resources

Dave had some advice for firms looking to cut overhead. CUTTING OVERHEAD? Over the years, we’ve seen many firms go on overhead cutting campaigns. Done right, overhead reduction can be a valuable tactic in the firm’s long-term growth strategy. When it comes to cutting overhead, they look at ways to increase this chargeability. The result is usually to cut several low-paid administrative staff who charge most or all of their time to overhead.

Proposal Pricing Strategies: How Much are You Selling that Watermelon For?

Help Everybody Everyday

Your loaded rate is the (Actual Rate + (Actual Rate * Overhead %) + Fee. However, when providing loaded rates, it is important to have an understanding of overhead. Overhead. Often you need to have an outside accounting firm audit your overhead rate based on what the Federal Government allows under its FAR Act. Most clients will pay all or a portion of your audited overhead costs. Field Overhead. This number is usually lower than the home office overhead.

Best Project Specialty Construction: Bold Transmission Line

ENR Construction

This new overhead line system design speeds delivery of electrical power

What is a Canopy in Construction?

The Constructor

A canopy is an overhead structure typically intended to provide shelter from rain or sun. It is usually seen as a covering attached to the outside of. Building Technology Guide

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Note that for budgetary estimating many unit price and assemblies cost data reference books start at this same “bare” point when making reference to “including overhead and profit.”

How to Make Changes & Still Make Money

Construction Business Owner

It’s nearly impossible to make any money when contracts allow just 10% and your subcontract only allows for 15% total overhead and profit markup on change orders, or time and material costs plus work. How to Make Changes & Still Make Money. Alex Headley. Fri, 03/26/2021 - 11:30.

How Contractors Can Keep Labor Costs Flexible To Help Survive a Downturn

ENR Construction

In construction, we can’t solve a global pandemic, but we can protect our contracting companies by keeping overhead flexible in case business declines

Seattle's Climate Pledge Arena Substantially Complete Two Weeks Early

ENR Construction

After successfully completing the mind-boggling top-down expansion of the 932,000-sq-ft facility, with its 45-million-lb landmark roof shored safely overhead, the Mortenson-led building team overcame myriad supply chain disruptions caused by COVID-19

Mukilteo Multimodal Ferry Terminal opens in Mukilteo, Wash.


Built on a repurposed brownfield site to replace the existing Mukilteo ferry terminal, the new Mukilteo Multimodal Ferry Terminal provides more space for vehicle holding and separates pedestrian and vehicle boarding with an overhead walkway for safer, more efficient loading, especially for people with disabilities.

Outsourced Marketing vs. Staffing for Construction Companies

Construction Marketing

Outsourced marketing can be more cost efficient than staffing with multi-discipline skills, lower overhead including salary, benefits, equipment, etc. The decision to Outsource Marketing to a consultant or agency, or to hire staff for marketing is a frequent but critical consideration.

Trolley Assist Reduces Haul Truck Emissions

Construction Equipment

Caterpillar has been testing a trolley assist system, an onboard mechanism that allows a haul truck to tap into an overhead power source, that reduces diesel engine emissions on electric-drive trucks.

PSMJ Resources Blog: How to Gain Your Client's Trust

PSMJ Resources

And, with overhead dollars so tightly controlled, you must leverage every dollar you spend developing new business. skip to main | skip to sidebar. Monday, October 17, 2011. How to Gain Your Client’s Trust. In the present economy, clients only do business with firms they trust. So, here’s the challenge: what can you do to gain a client’s trust in the most cost-effective way? Here are six of the most important qualities to demonstrate to build trust with your client: 1.


Construction Cost Estimating Blog: Techniques of Construction Cost.

Construction Cost Estimating

Construction cost estimating associates evaluating materials, labor, overhead, subcontractors and equipment needed to complete a project. Overhead Overhead costs such as securing permits, deposits for utilities, job site insurance, connecting utilities, and extraneous expenses (security, framing, etc.) Construction Cost Estimating Blog. adsense analytic. Monday, February 7, 2011. Techniques of Construction Cost Estimate.

Award of Merit: Airport/Transit: Locomotive Service Facility at the Amtrak Seattle King Street Coach Yard

ENR Construction

Built to service very heavy rail cars, this maintenance shop houses a 55-ton overhead bridge crane and a 125-ton drop table that are used to switch out traction motors and locomotive axles on Amtrak train cars

Estimate Your Way in STACK

Construction Business Owner

After calculating material quantities with your takeoff, estimating adds costs to all facets of the project, from materials and labor to overhead and markup. Waste and overhead can also be added to arrive at the project cost. Estimate Your Way in STACK.