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For specific project, location, or conditions the productivity factor is 0.80. The resulting production rate for that is 150 x 0.8 = 120 cy/day. The actual productivity factor for a project or subset of production rates (or man-hour rates) is the ratio of the actual production rate to the estimated production rate.
Data which may be used to organize a cost estimate into groups and levels, and to summarize the cost details can also be part of a cost database. A popular coding system which can be applied to construction cost estimates is MasterFormat. [4] Another coding method is Uniformat. [5] Also, various types of work breakdown structures or WBS may be ...
For construction contractors or construction managers it is important to track and compile past data of trends, completed projects, production factors, equipment changes, and various labor markets. [32] Sample labor norms. The labor requirements are often the most variable and are a primary focus of construction cost estimators.
This is a list of countries by industrial production growth rate mostly based on The World Factbook, [1] as of September 2024. A colour-coded map showing countries or territories by industrial production growth rate in 2017 in percentages, based on data from The World Factbook. Countries or territories without data or with data from earlier ...
Data from the Labor Department showed that construction firms added 10,000 jobs in November following a modest gain of 2,000 jobs in October. Analysis from the Center for Economic and Policy ...
The construction industry in the United States is one of the major sectors of the country's economy. [1] As of November 1, 2022 [update] there are over 745,000 general contractor LLCs employing over 7.6 million in its workforce , putting up almost US$1.4 trillion worth of structures annually.
The construction industry has one of the highest suicide rates among professions with an estimated 6,000 construction workers dying as a result of suicide in 2022.
In 2023, the aggregate industry in the United States mined and sold 1.5 billion tons of crushed stone valued at more than $24 billion and 920 million tons of construction sand and gravel valued at $11 billion. [1] [2] There are thousands of aggregate-producing companies in the US, operating in each of the 50 states, and employing 105,000 people.