The  Runjob  Review  highlights weekly news, topics, and trends in the construction industry.
- Week of 11/07/16 -
Contractor Wins Acceleration Impact Cost and the Incentive Payment
The Pennsylvania Department of Transportation (PennDOT) awarded a time sensitive bridge rehabilitation project to a contractor and, within the contract, provided a large daily incentive payment for early completion. PennDOT delayed the project and refused to pay the acceleration claim. PennDOT lost in Pennsylvania court.... Read More >
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! 
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Reader Response
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:
up to 3.99%
4.0% to 7.49%
7.5% to 9.99%
10.0% to 14.99%
15% or greater
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In Case You Missed It
"The Crystal Ball of Construction Bid Estimating" 

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 discussion!
 
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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 ... Read More > 
Giving Workers a Voice Makes Jobsites Safer
As a project site safety manager, if all you had to do was "safety" all day, your job would be easy. But as a safety professional, much of your time is spent convincing project...  Read More >
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...  Read More >
The Unilateral Change Order
The purpose of a change order is to add work to an existing contract. Ideally this work is added with mutually agreeable terms in scope, time...  Read More >