Tips for Reducing Labor Costs Washington DC

With the economic slowdown, jobs are smaller, more difficult to get, and sometimes at decreased margins. Material costs are rising and about the only way to make a profit is to control or reduce labor costs. But how?

Local Companies

Edward Jones Investments
301-379-3380
.
Clinton, MD
Andrews Federal Credit Union
(301) 702-5500
5711 Allentown Rd.
Washington, DC
W Assisting
(800) 657-4971
2715 Knox Terrace, SE
Washington, DC
Operation HOPE, Inc.
(202) 582-2212
2509 Good Hope Rd., SE
Washington, DC
Samson T.A. and Associates CPAs, PLLC
(202) 595-9369
37 L St., SE
Washington, DC
Transportation Federal Credit Union
(202) 366-9400
1200 New Jersey Ave., SE
Washington, DC
Mendelsohn Haynes, LLC
(202) 536-3226
1722 Bay St., SE
Washington, DC
Daniel Black and Associates, CPA
(202) 544-3346
236 Massachusetts Ave., NE
Washington, DC
Treasury Department Federal Credit Union
(202) 289-1950
Treasury Annex, Rm 1000
Washington, DC
Tracie D. Powell P.A. Chartered
(301) 779-5005
4500 21st St
Washington, DC


With the economic slowdown, jobs are smaller, more difficult to get, and sometimes at decreased margins. Material costs are rising and about the only way to make a profit is to control or reduce labor costs. But how?

  • Create participation. Now more than ever, everyone must care if each job meets budget. Share financial information with those who will have an impact on the budget. Present the numbers in a clear, understandable way, and help staff understand the impact of small changes in behavior.
  • Set up for success. Carefully review the budget with your lead carpenter and create a detailed plan for completing the job within that budget. This is a goal-setting exercise. A little time spent up front will go a long way. If the lead carpenter feels that the budget cannot be met for a particular phase, set a plan to lessen the loss.
  • Use job cost reports. Print and review job cost reports every week with key people, with an eye toward how to correct the process. Discuss and plan how to meet the budget for each phase. The more everyone is looking for savings, the more likely you will find them.
  • Be careful with mixed messages. Buying a new truck, upgrading electronics, or holding expensive parties will send a message of “crying poor.” This will lead to a distrust of you and lead to a slack attitude on the job. All your actions must underscore that this is a tough time.

    —Tim Faller, Field Training Services, www.leadcarpenter.com.

Click here to read full article from Remodeling

Featured Local Company

Edward Jones Investments

301-379-3380
.
Clinton, MD

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