Production Tracking - Total Daily Production

Look at your costs in three major categories and focus on tracking what matters the most.

D. Brown Management Profile Picture
Share

Look at productivity as a daily “Jar” where your objective is to pack as much “Earned Value” into it as possible.

Field Productivity: Total Daily Production when Production Tracking. 3 Cost buckets, Highly Variable, Mostly Fixed, and Indirect.
  1. Highly Variable costs which can be impacted the most by focusing on the 6 Pillars of Productivity and ABC Daily Planning
  2. Mostly Fixed costs such a major material and subcontractors can be impacted the most through disciplined and integrated supply chain management.  
  3. Indirect costs including jobsite supervision and logistics are driven by schedule which is a function of how much gets spent each day in categories 1 & 2. 

Focus on “Billable” as a great indicator of your value-add for the day considering that 100% completed tasks are easily billable to the customer.  If you want great cash flow on your project then your Schedule-of-Values (SOV) must be loaded in aligned with your task plan.

Optimizing productivity is about keeping the ratio of actual costs vs. billable equal to or lower than the ratio of your budget vs. contract.  Watch this as a daily, weekly, monthly and a running Job-to-Date (JTD) metric. 


Focusing on What Matters

Improving Labor Productivity Workshop

 

 


Labor Productivity
Field labor is the often the biggest variable on a construction project - making it the biggest risk and opportunity....

Labor Productivity
Field labor is the often the biggest variable on a construction project - making it the biggest risk and opportunity....

Contractor Profiles in Recession Management
3X your profitability during a recession. Look at how you performed during the last recession then evaluate your current readiness and plan your next steps.
Incentive Compensation for Contractors - Types of Programs
There are many types of incentive programs. The best approach is to look at each type and the details within them as a tool in a toolbox.
Deliberately Building Your Perfect Life
What did you do today to improve your value-add and do more of what you love? The foundation of all sustainably growing contractors is a team with each person individually strong, sharing common values aligned around a common purpose.