TU103 - Better Job Costing and Labor Controls to Increase Profits

Tuesday, January 22 from 1:30 PM to 3:00 PM « Back

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. As 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 billing rates
4. Apply information learned to avoid reduction of profits due to growth in volume  

90-Minute Seminar Fee: $110; $140 after 12/3/18

Credits: 1.5 hours AIA/CES LU, PDH, MCAA, TCA

Education Tracks: Financial Management & Profitability

Event Type: WOC 90-Minute Seminars > Session