The Runjob Review highlights weekly news, topics, and trends in the construction industry.
- Week of 11/14/16 -
Calculation of Workers' Compensation (WC), General Liability (GL) & Bond in your Estimates

Many estimators do not understand how workers' compensation, general liability, and bond costs are calculated. This article discusses these calculations and how to properly include them in ...  Read More >  

Events
11/18/16: Lunch with Runjob!
 
Enjoy lunch on us,  meeting new colleagues, and learning about Runjob  Software's newest module! Runjob's founder will be present and also our chief engineer to address your questions!  


Weekly Survey
This Week's Question 
Once the project is won and construction begins, which component of the contractor team has the greatest impact on profit? 

A. Executive team (Company's top executive and his/her staff)

B. Project management team (Project Manager and his/her staff)

C. Field management team (Superintendent and his/her staff)


Last Week's Question 
Profit is considered the surplus after total costs are deducted from total revenue. This surplus divided by sales is considered the profit 
margin. For example, on a project with a contract value of $1,000,000 and total cost of $950,000, the profit margin is calculated to be $50,000 / $1,000,000 = 5.0%. Realizing that all projects are different, what is the average profit margin you assign to a project assuming the preceding formula:

Responses:
up to 3.99% - 20%
4.0% to 7.49% - 40%
7.5% to 9.99% - 0%
10.0% to 14.99% - 40%
15% or greater - 0%
Start Using Runjob Today!
Construction is a complex business. It needs to be efficiently, professionally, and timely managed in order to be successful.  Runjob is a simple, cloud-based construction management software that allows you to quickly produce and track simple, clean, and professional documents. Watch a short demo >
 
 
Simple, affordable, & powerful
software for contractors.
ACEC Hawaii November Breakfast Meeting 

Scott Jennings, P.E., President of SJ Construction Consulting,  Jim Bauckham, Senior Estimator with Nordic PCL,  & Joseph Uno , LEED AP BD+C, President at J.Uno & Associates gave a great presentation and panel leading the discussion topic:

What A/E Consultants and Project Owners Should Know 
About Engineers' Cost Estimates & Contractor Bids for Hawaii Construction Projects

Conversion of Inches to Feet
Imperial vs. metric: Length in the United States is still primarily measured using inches and feet - inches add up to feet add up to yards add up to miles. These are called Imperial units. The vastly more common way on the planet of measuring distance is by using the metric system - millimeters add up to centimeters add up to meters add up to kilometers.  Read More >

No Good Deed Goes Unpunished

I've got a couple of these proverbs up my sleeve when it comes to construction. This one I normally share with the newbies to the biz, but I find that those that have been around awhile benefit from it too.

Where's this applicable?

I usually find the most popular way to be punished for the good deed is via RFI. Being a prudent contractor, you always want to... Read More > 

Calculation of Workers' Comp, General Liability & Bond in Estimates
Lunch with Runjob!
No Good Deed Goes Unpunished 
Conversion of Inches to Feet (in decimals)
The Unilateral Change Order
Hawaii News
West Maui to get first new apartment complex in two decades
Honolulu has world's second-highest construction costs
Delayed Project on Big Island Starts
Lunch with Runjob!
General Contractors Labor Association Holiday Schedule 
Hawaii Road Work Alerts
Top Industry Stories
Colorado town keeping its roads clean with toilet paper
How the next president will impact the construction industry
How Will 3-D Printing Disrupt Construction?
Runjob Promotions
- Unlimited users for GCA Members

- Get up to $300 for your referral 

- Use Runjob on location with free iPad

Subscribe Now >
Trending Stories
Software Reduces Overhead Labor
Labor. It may be your largest, but is most certainly your most volatile, construction cost. The craft labor is the major cost, but the overhead labor can eat into budgets as well too....
 
Read More >


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