A lack of effective data sharing and simple communication can have a snowball effect on construction companies. Take, for example, what happens when a construction manager hires a contractor to install fiberglass in a new million dollar project. The contractor, who is paid hourly based on time in the field, arrives to the construction site […]
Today’s construction companies are turning toward the quickly evolving field of emerging technologies. Beyond turning toward construction management software to improve cost estimation, strengthen project coordination and increase collaboration throughout entire project, construction companies are also shifting labor-intensive jobs into digitally centered roles. Improving construction efficiency, however, isn’t restricted to the field. Rather, HR and […]
Construction projects are getting bigger and more complex. Add to it mounting pressures of labor and material shortages and increasing costs. No doubt, companies are having a challenging time managing them, and one of the biggest reasons for this is outdated record-keeping methods. The inability to track and monitor construction projects across materials, progress made, […]
An Iowa construction firm owner recently pleaded guilty to a payroll-linked legal challenge. Reports claim that the owner withheld over $1 million in payroll taxes. Unfortunately, there’s nothing unusual about reports like these in the construction industry. The question is, why? The administrative challenges of managing multiple construction trade unions and contractors for construction projects can get quite overwhelming […]
There’s a broad spectrum and diversity of roles within the construction industry. This can be an administrative nightmare when it comes to managing operational, staffing, and welfare initiatives. Payroll, obviously, forms a critical part of all these activities. In the context of payroll, you also need to add in the presence of unions and the […]
The administrative challenges of managing multiple trade unions and contractors for various projects can become overwhelming — as can calculating and processing multi-tiered pay rates. This makes the process of union payroll processing confusing, time-consuming, and tedious. Managing hundreds of trade unions efficiently and administering prevailing wages for thousands of craft can put payroll managers […]
Technology advancements are paving the way for one of the largest industries in the world, the construction sector. As emerging technologies reshape the construction industry, construction companies are reaping the results from eliminating long-standing inefficacies and low productivity. Despite construction being known as one of the lesser digitized sectors, industry leaders are embracing the challenges […]
As the COVID-19 pandemic created disruptions worldwide, there was a paradigm shift in how businesses enabled their workforce to work comfortably and safely. Remote work became a norm in most domains. But the ones where the physical presence of the workforce was deemed necessary, like the construction industry, did not have this luxury of remote […]
Imagine being a multi-dollar construction company creating a new state-of-the-art facility and finding itself late and over budget, accruing losses and delaying revenues by the day. Or – maybe you don’t need to imagine — this may be a common occurrence. As construction companies face increasing complexity, project leaders find themselves looking for new solutions […]
Traditionally, many construction companies used physical timecards to keep track of their employee’s work time (or time spent on their allocated job). Timecards have also been effective at estimating project costs and client billing. Why are timecards and attendance tracking critical for successful projects? Timecards effectively improve project execution and help to control any project […]