Better Job Costing & Labor Controls to Increase Profits #MO111

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Originally Aired - Monday, January 22 1:00 PM - 2:30 PM

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Event Location

Location: N258


Event Information

Title: Better Job Costing & Labor Controls to Increase Profits

Session ID: MO111

Description:

Construction is a labor intensive industry. Even with the modern technical advances, power tools and computers, contractors and subcontractors still need a labor force to build. And the cost of the labor force is more than expected. It is crucial for contractors to understand and measure the true costs of sending an employee out in the field. Once determined, the estimator can use that cost rate to create estimates and the accounting/project management department can use the same rate for job costing. This seminar will demonstrate how to determine the true cost of field labor. 

1. Outline all costs that should be included in a fully burdened labor rate
2. Identify direct job costs hiding in overhead costs
3. Utilize job costs to determine biling rates
4. Apply information learned to avoid reduction of profits due to growth in volume causes

Continuing Education Hours:  1.5 AIA/CES LU, PDH, TCA, MCAA

Type: WOC 90-Minute Seminars

Cost: $115; $145 after 12/12/23


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