The standard overtime rate is 1.5 times the employee’s regular hourly wage. This number is also commonly known as “time-and-a-half.” So if one employee makes $15 per hour, their overtime rate is $22.50 per hour ($15 x 1.5). If another employee makes $25 per hour, their overti...
Projects often run late, on a shoestring budget, with ridiculously overstretched resources, trying to deliver too many features in too short a time frame.That kind of environment, unfortunately, leads to one where the barest minimum of work becomes the norm. That's certainly not a way to ...
Example:A software project involving the introduction of a new system: after selecting a vendor, the company determines during the course of the project that this vendor is unable to deliver the desired functional environment within the required time frame or at the agreed-upon price. So, the c...
With its inherent beauty, remarkable versatility and exceptional strength, mass timber is emerging as the definitive sustainable building material of the 21st century.
Another option is to incorporate fees into your project scope. This way, the client knows that, while you’re willing to stick to your initial schedule, you may have to charge extra for your time if their inability to meet deadlines forces you to work late. Regardless of which way you ...
One thing that the Everett factory doesn't have, though, is air conditioning. If it starts to get too warm inside, workers open the factory doors and use fans to draw air inside to cool the facility. Conversely, if it gets too chilly, they turn on more of the overhead lights to heat...
Late payment charges can also hurt your bottom line, but Brandon says this is one place where as a consumer, you have power, but you have to call your creditor first. “Pick up the phone and ask,” she says. “They might waive it.” If you are carrying a balance on multipl...
When crafting an impactful project report, your tools can be a game-changer. And let’s talk about the elephant in the room: Artificial Intelligence. AI is no longer just a buzzword – it’s a reality transforming project management and reporting. ...
Your payment terms, including accepted payment methods and late fee terms The payment due date The total amount due, including any applicable taxes 6. Save the Invoice When you’ve filled out all the project specifics on your invoice, save the spreadsheet to your computer in both .xlxs and ...
Investing, broadly, is putting money to work for a period of time in a project or undertaking to generate positive returns (profits that exceed the amount of the initial investment). It's the act of allocating resources, usually capital (i.e., money), with the expectation of generating an...