Direct labor costs are the expenses directly tied to the workers who are actively involved in the physical construction ...

For those jobs where you can't rely on your past experience to estimate, rely on the prices in this national standard of construction costs to get you safely in the ballpark.

With job-cost accounting, estimators now have the tools to make intelligent adjustments and get an A+ on every bid. Job-cost accounting provides contractors with the ability to track actual costs ...

For example, say you have $300,000 in replacement cost coverage, and construction and labor costs in your area rise after a major storm, which causes your rebuilding cost to jump to $390,000.

Between December 2019 and December 2021, construction wages grew 7.9%, according to Barry LePatner, an attorney, author, and construction and infrastructure expert.

This is what I estimate the residual orderly liquidation value will be, and it comes out pretty close. When it comes to assigning equipment costs to a job, consider that we are all in the rental ...