Labor Sync Blog
The Defense Contract Audit Agency (DCAA) conducts audits on government contractors to determine compliance with the Federal Acquisition Regulations (FAR).
Every contractor who conducts business with the DOD must pass a DCAA audit, which is basically a broad-based review of the contractor’s operating procedures and every process connected with the DOD contract.
Do what does it mean to be DCAA and DOL compliant? And which actions are important for a contractor to take to increase his chances of passing?
Contractors are always interested in furthering their business undertakings. Advances in technology enable many decision makers to focus on expansion, instead of the day-to-day activities.
But, what happens when your employees do not like the software updates implemented as a result of business growth? Of course, it is natural for employees to oppose change, but when the system is not working as anticipated contractors can incorporate the following methods to silence the negativity and increase productivity.
Employee turnover is one of the highest preventable business costs.
Losing a valued employee disrupts your production process and forces you to spend time and money finding and training a replacement. It also angers customers, who come to trust a particular employee and don’t want to deal with a different one.
As the construction industry has one of the highest turnover rates, reducing your turnover gives you immediate advantages over your competitors.
As time, project and timesheet tracking grow more complex for expanding companies, managers benefit from adopting new solutions.
Some of the best solutions on the market are mobile-based time apps that allow employees to create updates wirelessly, directly from their phones.
Here are a few examples of how workplaces can benefit.
As a contractor, you have several goals. These include turning a profit, satisfying your customer and building a positive reputation.
It would seem that you have more chances to obtain your objective if you take each job you are offered. After all, the customer wants your company to do the work, so why not?
Is your company growing? Are you finding your contract list expanding with multiple projects that require simultaneous on-site management?
This stage of expansion can quickly lead to overworked, exhausted managers and leaders. Beat back the stress and find new ways of managing in your company to deal with the shift toward multiple projects.
Here are several ideas to help you get started.
For contracting companies, every penny counts. Buyers want to trim costs wherever possible, and many contractors struggle to make a profit at the end of the day.
Fortunately, the use of technology in a number of areas can help your contracting company keep costs under control.
Keeping employees motivated and functioning at a high level is important for any business.
It can be even more crucial in the construction field when there are deadlines to meet and finishing late or producing below par work can cost a company thousands of dollars.
The following are five ways to motivate your employees and help them work more efficiently.
Your business is only as strong as your weakest subcontractor. And while it’s easy to put the blame on your subcontractors when something goes wrong.
The fact remains that you could be setting your business up for failure if you’re not managing your subcontractors responsibly and giving them the tools and resources they need to be successful.
A defaulting subcontractor is bad news for everyone.
The project must be halted, money is lost on all fronts, including bonding companies and project owners, and others are less likely to work with the subcontractor in the future.
Managing subcontractor risk appropriately is key to preventing this bad news: General contractors do not need to take the full risk of a subcontractor default on themselves.
Proper default clauses, responses, and general risk management can help prevent defaults and mitigate any damage done.
The world of advanced technology has made it easier to communicate with others. Technology helps to keep you organized and saves time.
Utilizing its many benefits will provide you with the means of communication necessary to run your contracting business smoothly.
When managing your time amongst many job sites, it’s important to prioritize by urgency. When you’re meeting with a potential customer, it’s very important to discuss their expectations on a time frame.
As a contractor – particularly those in construction, landscaping, roofing, and the like – it is generally considered common knowledge that work should never begin before certain information is obtained from the client.
What specific information should be obtain, however, is often a matter of debate. Garnering as much information as possible allows a contractor to gain a thorough understanding of the projects and its specific elements. Asking a client questions about a projects allows a contractor to determine if the client is a good fit and also give him or her the opportunity to properly prepare a bid and draft a contract.