Do You Know Your Labor Units?
For example, if you are working on a job where the client is asking you to provide an estimate that will contain working overtime, do you know how, and to what extent, that can affect your proposal? An interesting fact to consider, is that according to the NECA “Manual Of Labor Units,” working 10-hour days for five days a week can result in a productivity loss of 15% to 20% after six weeks, while 12-hour days could result in a loss as high as 35% to 40%. If you don’t make the proper adjustments for this you will be out of labor hours long before the job is complete. Now this may seem simple for smaller contractors, as they generally tend to work on the jobs themselves, have smaller overhead, and know what it takes to get the job done, but how about when you start to grow? Or are you already are a larger contractor? What happens as your overhead increases? Payroll, Office Space, Equipment, Etc..? Are you confident in taking your company to the next level? This can be a make or break time for you.
This is just one of many pieces of information that we at On Time Estimating do our best to stay up to date on, so we can provide you the most competitive, and profitable, winning estimate. At On Time Estimating we are former Electricians, and Electrical Contractors, that have been in the industry since 1982. We are more than happy to share our knowledge and experience with you to see if what we have to offer may benefit you. Give us a call today to discuss how this may impact your growth. Even if you are already a larger contractor, sometimes and independent outside unbiased opinion can provide a breath of fresh air into your business. As always, we operate with the utmost of respect, privacy and confidentiality, so any conversations, and/or emails, will always stay between us.