- 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  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.
 In Case You Missed It
 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 >