(971) 645-4292

support@acoorg.com

Cost And Productivity KPIs For Contractors

Cost and Productivity KPIs for Contractors

Magnifying glass with calculator and papers

KPIs, or key performance indicators, help contractors measure how well their business is doing. When compared to the goals of the company, they can help management know where the problems are and what needs to be addressed. Contractors can choose to monitor their own KPIs or focus on a few that are standard across the industry. If your company isn’t tracking these measurements, here are some to get you started.

Gross profit margin

Gross profit margin or gross margin ratio is a measure of how much money a contractor is making on their projects. It can be calculated for individual projects or for all of them. To calculate gross profit margin, subtract cost of goods sold from sales income and divide the result by sales income. This gives you the percentage of gross profit. This KPI doesn’t include administrative or overhead costs. If you choose to subtract those costs from your sales as well, you’ll get the net profit margin.

Cost variance

Cost variance is a simple measure of the difference between the planned budget for a project and the actual costs incurred. To calculate the variance, multiply the planned budget by the percent complete and subtract the actual costs to date. This comparison can include all project costs or can be focused on a specific scope of work or subcontractor.

Planned versus actual hours

For contractors that provide labor-intensive work, comparing the number of hours you planned for the project with the actual hours can be very enlightening. Differences can highlight productivity issues or signal that the estimate is inaccurate. If you choose to measure this KPI, you’ll need detailed time records to make the comparison.

Percentage of labor downtime

No one wants to admit it, but workers often spend a lot of time waiting for work to be ready. Measuring this downtime and comparing it to the total hours worked can highlight productivity issues. Workers have to be honest in reporting their actual time worked, and there can’t be repercussions if you want honest data.

Measuring and monitoring a business’s performance is key to ensuring continued success. If problems are found, you’ll need to do research to find out the cause. Then you can make changes to get your company back on track.

Related Posts

Course Content: Asbestos Awareness w/Wallet Card and Respiratory Protection Training (Spanish)

This Asbestos Awareness w/Wallet Card and Respiratory Protection Training (Spanish) bundle consists of 2 courses:

Per 29 CFR 1910.134, OSHA requires employers to provide effective training to employees who are required to use respirators. The training must be comprehensive, understandable, and recur annually — and more often if necessary.

Respiratory Training Course Outline (4 Hours):

• Module 1: Respiratory Protection Course Overview

• Module 2: Introduction to Respiratory Protection

• Module 3: Types of Respiratory Protection

• Module 4: Respirator Selection and Use

• Module 5: Respirator Medical Evaluation

• Module 6: Respirator Fit Testing

• Module 7: Respirator Training and Program Guidelines

• Module 8: Respirator Maintenance and Care

• Module 9: Video – Respirators

• Final Exam

Asbestos Awareness – This Asbestos Awareness course provides students with an understanding of the harmful effects of asbestos, the knowledge to avoid asbestos exposures, and the ability to identify work areas where asbestos may be present. It will also familiarize them with OSHA and EPA standards designed to protect workers on the job site, among many other important topics.

Asbestos Awareness w/Wallet Card (2 Hour)

• Module 1: Asbestos

• Module 2: Asbestos Awareness

• Final Exam

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.

 

Course Content: Safety and Compliance (Spanish)

This Safety & Compliance (Spanish) course consists of 3 individual courses:

OSHA Respiratory Protection Training – Per 29 CFR 1910.134, OSHA requires employers to provide effective training to employees who are required to use respirators. The training must be comprehensive, understandable, and recur annually — and more often if necessary.

Respiratory Training Course Outline (3 Hours):

• Module 1: Respiratory Protection Course Overview

• Module 2: Introduction to Respiratory Protection

• Module 3: Types of Respiratory Protection

• Module 4: Respirator Selection and Use

• Module 5: Respirator Medical Evaluation

• Module 6: Respirator Fit Testing

• Module 7: Respirator Training and Program Guidelines

• Module 8: Respirator Maintenance and Care

• Module 9: Video – Respirators

• Final Exam

Back Safety in The Workplace – According to OSHA, back injuries are the nation’s biggest workplace safety problem. The Bureau of Labor Statistics estimates that more than one million workers suffer back injuries each year. This Online Back Safety in the Workplace Training course is intended to educate workers about back injuries, discuss how to prevent them, and suggest lifting techniques and guidelines.

Back Safety in the Worplace (1 Hour):

• Module 1: Introduction to Back Safety

• Module 2: Back Injury Prevention

• Module 3: Lifting Techniques and Guidelines

• Final Exam

Sexual Discrimination & Harassment Prevention – This course is intended for both Employers and Employees. The course is meant for anyone who may encounter sexual harassment in the workplace. This course outlines the legal definition of sexual harassment, and teaches students how to recognize and report workplace sexual harassment.

Sexual Discrimination & Harassment Prevention (1 Hour):

• Module 1: Sexual Harassment Overview

• Module 2: Sexual Harassment Continued

• Final Exam

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.

 

Course Content: Hazard and Health (Spanish)

This Hazard and Health (Spanish) course consists of 2 individual Courses:

Back Safety in The Workplace (Spanish) – According to OSHA, back injuries are the nation’s biggest workplace safety problem. The Bureau of Labor Statistics estimates that more than one million workers suffer back injuries each year. This Online Back Safety in the Workplace Training course is intended to educate workers about back injuries, discuss how to prevent them, and suggest lifting techniques and guidelines.

Back Safety in the Workplace (1 Hour):

• Module 1: Introduction to Back Safety

• Module 2: Back Injury Prevention

• Module 3: Lifting Techniques and Guidelines

• Final Exam

OSHA Hazard Communication Training Aligned w/GHS (Spanish) – This course is intended for workers who are exposed to hazardous chemicals at the workplace, as well as workers involved in the shipment, importation, and manufacture of hazardous materials. This course provides students with training on the changes implemented to the HAZCOM Standard brought about by the Globally Harmonized System (GHS) of Classification and Labeling of Chemicals, in accordance with OSHA’s 2012 HAZCOM Standard.

OSHA Hazard Communication Training Aligned with GHS (4 Hour):

Module 1

• The Hazard Communication Standard

• Hazard Recognition and Reference Sources

• Introduction to Toxicology

• Physical and Chemical Properties

• General Safety Hazards

• Course Exam

Module 2

• GHS and Hazard Communication

• Hazard Classification

• Labeling

• Safety Data Sheets

• Course Exam

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.

 

Safety and Health

This Safety and Health bundle consists of 1 2-hour course and 3 1-hour courses:

OSHA Respiratory Protection

Back Safety in The Workplace – According to OSHA, back injuries are the nation’s biggest workplace safety problem. The Bureau of Labor Statistics estimates that more than one million workers suffer back injuries each year. This Online Back Safety in the Workplace Training course is intended to educate workers about back injuries, discuss how to prevent them, and suggest lifting techniques and guidelines.

Back Safety in the Worplace (1 Hour)

• Module 1: Introduction to Back Safety

• Module 2: Back Injury Prevention

• Module 3: Lifting Techniques and Guidelines

• Final Exam

Heat & Illness Prevention for Supervisors – This Heat Illness Prevention for Supervisors course will focus on defining, recognizing, preventing, and treating heat stress, as well as outlining a supervisor’s responsibilities.

Heat and Illness Prevention for Supervisors (2 Hour):

• Module 1: Management’s Role in Safety and Health

• Module 2: The Financial Impacts of Risk Management

• Module 3: Hazard Analysis Methodologies

• Final Exam

Personal Protective Equipment Program and Selection (PPE) – This course is meant to introduce workers to the contents of a PPE program, and outline considerations for selecting proper PPE. This training should be combined with company specific training with the actual PPE to be used and include sufficient hands-on training and practice.

Personal Protective Equipment (PPE) Program and Selection (1 Hour)

• Module 1: Personal Protective Equipment (PPE) Program

• Module 2: Personal Protective Equipment (PPE) Selection

• Final Exam

Sexual Discrimination & Harassment Prevention – This course is intended for both Employers and Employees. The course is meant for anyone who may encounter sexual harassment in the workplace. This course outlines the legal definition of sexual harassment, and teaches students how to recognize and report workplace sexual harassment.

Sexual Discrimination & Harassment Prevention (1 Hour):

• Module 1: Sexual Harassment Overview

• Module 2: Sexual Harassment Continued

• Final Exam

Training Providers should be used to ensure credibility and augment a company’s existing training program. Therefore, in addition to the training provided by an outside party, a student should receive site-specific training that is supplied by their own company, or a credible outside source, and as a rule should be well documented.

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.

 

Safety and Compliance

This Safety and Compliance bundle consists of 5 individual 1-Hour Courses:

OSHA Respiratory Protection

Heat & Illness Prevention for Employees – This course will focus on defining, recognizing, preventing, and treating heat stress. Employees must be trained on heat illness recognition and prevention, including training on their own employer-specific policies and procedures. Training must be provided before the beginning of work that involves the risk of heat illness.

Heat & Illness Prevention for Employees (1 Hour):

• Module 1: Course Overview

• Module 2: Heat Illness and Injuries

• Module 3: Heat Illness Prevention

• Final Exam

Back Safety in The Workplace – According to OSHA, back injuries are the nation’s biggest workplace safety problem. The Bureau of Labor Statistics estimates that more than one million workers suffer back injuries each year. This Online Back Safety in the Workplace Training course is intended to educate workers about back injuries, discuss how to prevent them, and suggest lifting techniques and guidelines.

Back Safety in the Workplace (1 Hour):

• Module 1: Introduction to Back Safety

• Module 2: Back Injury Prevention

• Module 3: Lifting Techniques and Guidelines

• Final Exam

Health and Safety Management – This course is designed to be used as part of an overall Health and Safety Program for all employees. This course is meant to introduce students to the contents of a Health and Safety Program, discuss management’s role in the program, the financial impacts of risk management and hazard analysis methods.

Health and Safety Management (1 Hour):

• Module 1: Management’s Role in Safety and Health

• Module 2: The Financial Impacts of Risk Management

• Module 3: Hazard Analysis Methodologies

• Final Exam

Personal Protective Equipment Program and Selection (PPE) – This course is meant to introduce workers to the contents of a PPE program, and outline considerations for selecting proper PPE. This training should be combined with company specific training with the actual PPE to be used and include sufficient hands-on training and practice.

Health and Safety Management (1 Hour):

• Module 1: Personal Protective Equipment (PPE) Program

• Module 2: Personal Protective Equipment (PPE) Selection

• Final Exam

Asbestos Awareness – This Asbestos Awareness course provides students with an understanding of the harmful effects of asbestos, the knowledge to avoid asbestos exposures, and the ability to identify work areas where asbestos may be present. It will also familiarize them with OSHA and EPA standards designed to protect workers on the job site, among many other important topics.

Asbestos Awareness (1 Hour):

• Module 1: Asbestos

• Module 2: Asbestos Awareness

• Final Exam

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.

 

Respiratory and Personal Protective Equipment Training

This Respiratory and Personal Protective Equipment (PPE) Training bundle consists of two courses:

OSHA Respiratory Protection

Per 29 CFR 1910.134, OSHA requires the employer to provide effective training to employees who are required to use respirators. The training must be comprehensive, understandable, and recur annually and more often if necessary.

This course is designed to help workers to meet the OSHA Respiratory Protection training requirement.

Respiratory Training Course Outline (4 Hours):

• Module 1: Respiratory Protection Course Overview

• Module 2: Introduction to Respiratory Protection

• Module 3: Types of Respiratory Protection

• Module 4: Respirator Selection and Use

• Module 5: Respirator Medical Evaluation

• Module 6: Respirator Fit Testing

• Module 7: Respirator Training and Program Guidelines

• Module 8: Respirator Maintenance and Care

• Module 9: Video – Respirators

• Final Exam

OSHA Respiratory Protection

Per 29 CFR 1910.132(f)(1): The employer shall provide training to each employee who is required by this section to use PPE. Each such employee shall be trained to know at least the following:

•  When PPE is necessary;
•  What PPE is necessary;
•  How to properly don, doff, adjust, and wear PPE;
•  The limitations of the PPE; and
•   The proper care, maintenance, useful life and disposal of the PPE.

This Personal Protective Equipment (PPE) Program and Selection Training course is designed to be used as part of a Personal Protective Equipment (PPE) Program for all employees who wear PPE as part of their job.

This course is meant to introduce workers to the contents of a PPE program, and outline considerations for selecting proper PPE. This training should be combined with company specific training with the actual PPE to be used and include sufficient hands-on training and practice.

PPE Course Outline (1 Hour):

• Module 1: Personal Protective Equipment (PPE) Program

• Module 2: Personal Protective Equipment (PPE) Selection

This Online Course Bundle is approved for 5 CE credits with Oregon CCB.