Many construction companies still use paper timesheets that workers fill out and turn in. Check out our free 4A Timesheet Framework to ensure you are meeting the requirements. Accurate timesheets that represent what the hours the employee worked signed with all the relevant information is critical for labor law compliance as well as workers compensation audits. This can be done manually or with a phone app like BuildCenter. Without time tracking, a construction business is driving blind without any way to know what is working and what is not working.īeyond job costing, it’s important to have accurate timesheets for payroll. This allows for better estimating in the future and for measuring production for the crews.

If you use cost codes, you can see how much time was spent doing specific tasks. Without tracking time to a task or job, you would have no way to jobcost a project and know how much money you made or lost. Time tracking is the function of capturing that time for that task so that it can be compared to what was estimated. In construction, there are various cost codes (CSI Codes) used to create buckets of funds for each trade or task. Time tracking is the keeping track of how many hours are spent on a particular project and/or task. In this blog post, we discuss the reasons it’s important but also how to easily manage time tracking so that it’s useful information your business can use. This allows you to get things back on track and try to squeak out a profit. Even better is when you catch time overruns during the project. Either way, that information is valuable for future bidding. Was it 150 hours or did you get it done in 75 hours. If you have a project and you bid 100 hours to perform a task then it’s critical that you know how much time was spent. In construction, there are generally two main things considered when bidding on jobs: Time (labor required) and materials. This problem can ruin a company’s ability to make a profit and longer term send a company in the wrong direction. Amazingly 61% of projects are behind schedule and more than half of those are over budget on hours.

Time tracking for contractors