Closer to 1.30, not 1.50

Closer to 1.30, not 1.50

Executive Summary A common mistake in estimating is the cost of an overtime manhour.  Overtime is generally not one and one-half times the straight time rate.  It’s usually closer to 1.30. What’s in a labor rate? A labor rate is a combination of three numbers:  the...
Davis-Bacon, OSHA, Jones Act, and Buy American

Davis-Bacon, OSHA, Jones Act, and Buy American

Executive Summary. A quick background on terms you hear every day in federal construction contracting: Davis-Bacon, OSHA, Jones Act, and Buy American. The terms. Each of the items in the title were introduced by the federal government. Here’s a quick background on...
Two for Today: Taxes and Fuel

Two for Today: Taxes and Fuel

Executive Summary: Do two things today to improve your company: (1) check to make sure you are current on your 940 and 941 taxes and (2) make sure you’re reviewing your fuel bill. Confirm you’re current on your 940 and 941 payments. The federal Form 940 is used to pay...