Digital Estimating Tools Construction estimating software automates the quantity takeoff and cost estimating process. Digital takeoff tools import electronic plans and allow estimators to measure quantities directly on screen. The measurements are automatically calculated and transferred to the estimate. The cost databases in estimating software maintain current prices for labor, materials, and equipment from supplier […]

Building Code Requirements The International Building Code is the model code adopted by most states and local jurisdictions for regulating building construction. The code establishes minimum requirements for structural safety, fire protection, accessibility, energy efficiency, and other aspects of building performance. The code is updated on a three-year cycle to incorporate new knowledge and technologies.

Construction Accounting Methods Construction accounting differs from general accounting because of the long-term nature of construction projects and the need to match revenues with costs over the project life. The percentage of completion method recognizes revenue and expenses as the project progresses based on the percentage of work completed. The percentage complete is determined by

Construction Labor Relations Labor relations in construction involve the relationships between employers and workers, including the negotiation and administration of collective bargaining agreements. The Davis-Bacon Act requires that workers on federally funded construction projects be paid prevailing wages determined by the Department of Labor. Prevailing wages are based on the wages paid to the majority