Does Your Timecard Work For You?

Does Your Timecard Work For You?

Design Your Timecard To Help You Make More Money!

The main purpose of construction field crew timecards is to keep track of employee hours so you can pay them properly for the hours they work. Right? Not entirely true. If you also want to know and track accurate job costs, your timecard can become an important business tool to make you more money. To make this happen, you need to design your timecard to reflect how you do business and match what you want to keep track of.

Designed properly, your timecard can become an invaluable tool to track labor production, field quantities installed, company and rental equipment usage, and materials consumed on the job. And then after gathering the information available from daily and weekly timecards, you can create a production tracking system to give your field foremen and superintendents updated job cost data so they will know how well they’re doing every week on their projects. To design an integrated timecard to work for you, get your estimator, project manager, and foreman together to determine which work task cost codes you want to keep track of.

When you bid a job, the estimator calculates exact quantities of work for each part of your scope of work. For example, to bid a new concrete slab warehouse floor, the estimator ‘takes-off’ the amount of labor, material and equipment to form the slab edge, place concrete material, finish the slab, and then strip the forms and cleanup. Each of these operations requires a bid estimate of crew production hours required to perform each task. Your timecard cost code categories therefore must match how you estimate and bid in order to keep track and know actual hours required to do different parts of the job.

By observing the example time card, notice how the work is broken down exactly as the estimator bid the job. By having the codes match the timecard, he can then calculate the number of hours required to perform each task after project completion to see if his production rates are accurate and match how he prices future projects.

TIMECARD - Concrete Slab Employee Name: Joe Super Project: Ace Warehouse
 
    Hours

Crew WeeklyQuantity

Cost Code Work Description M T W T F Total  
3401 Form Concrete Slab 8 8 8       600 LF
3402 Place Concrete       8     370 CY
3403 Finish Slab             20,000 SF
3404 Strip Forms & Clean         8   20,000 SF
Total Hours   8 8 8 8 8 40  
                 

Company Equipment

               
3451 Pickup Truck # 101 8 8 8 8 8 40  
3452 Generator 8 8 8 8   32  
                 

Rental Equipment

               
3601 Concrete Pump         8 8  
                 

Materials

               
3801 Form Lumber             650 LF
3851 Concrete             370 CY
3861 Curing Compound            

50 Gallons

When team leaders know what they are trying to accomplish, it makes it a lot easier to hit their targets! In order to give your foreman something to shoot for, they must know the quantities they are trying to hit and get a weekly update of how well they are doing. Before the job starts, the estimator should get together with the project manager and foreman to review the bid and quantities allocated to perform the entire job. The foreman then will have a budget to aim at. To keep track of how well the crew is doing versus the job estimate and budget, make sure your foreman records the quantities installed every week as noted on the timecard. This way the foreman and project manager can review the progress weekly to see if they are staying on budget.

Estimators also calculate the number of equipment hours required to build projects. The timecard can also be used efficiently to track company equipment and rental equipment usage. Set up your timecard to include a listing of all of your equipment. Have the foreman record which equipment is used on the daily timecard. Your accounting manager can then job charge your equipment weekly to the correct jobs based on where it was used. At the end of the job, you can then review the estimate of equipment versus the actual hours spent on the projects. Your foreman and project manager can also monitor the budget versus actual for equipment if given an update every week of these numbers.

You can also design your timecard to track the materials used weekly on the jobsite. Have the foreman record what materials were installed or delivered to the job as shown.

Weekly FIELD PROGRESS TRACKING REPORT
           
Project: Ace Warehouse   Date: Week Ending March 1  
           
Cost Code Work Description Budget Quantity Actual Progress Budget Labor Labor Actual
           
3401 Form Concrete Slab 1,200 LF 600 LF   50% 120 Hrs 70 Hrs    58%
3402 Place Concrete 740 CY 370 CY   50% 96 Hrs 48 Hrs    50%
3403 Finish Slab 40,000 SF 20,000 SF   50% 80 Hrs 40 Hrs    50%
3404 Strip Forms & Clean 40,000 SF 10,000 SF   25% 64 Hrs 16 Hrs    50%

At the end of each weekly pay period, add up the number of hours spent in each cost code work item and compare it to the job budget. Review these numbers with your field foreman Monday morning to make sure they know where they are and what they have to do to keep their job on budget. Your estimator is the best person to prepare this weekly recap as he clearly understands the cost codes and job budgets. Plus he will be the first to discover if his estimate is correct or there are job cost overruns. Note on the example, the ‘Form Concrete Slab’ hours are over-budget as of the date of this report. By knowing this early, the field team can make immediate adjustments to bring the job in on-budget.

Knowing where you are is easy if you setup your timecard properly. Have your foreman turn in every field employee’s timecard daily to maintain accuracy. Keep your costs updated every week and make sure your foreman knows if his job is on-budget or not. This will help you make more money. To get a working copy of the Weekly FIELD PROGRESS TRACKING REPORT, send an email to gh@hardhatpresentations.com.