Over the years, certain types of labor contracts have become less common, with some models being declared illegal in a number of countries. One example is the so-called. A labor agreement of this type was designed to prevent employees from subsequently joining any type of trade or labor union...
Also called direct costs, project costs typically include all costs directly associated with construction activities — with the bulk of the costs coming from labor, materials, and markup from subcontractors. The contract will also lay out how the contractor’s markup is calculated. There are a ...
career development, or other aspects, having a strong base of basic knowledge is always essential.Firstly, basic knowledge provides us with a solid framework for further learning and growth. Just like a building needs
Contingency plans are used by smart managers who are aware that there are always risks that can sideline any project or business. Without having a contingency plan in place, your organization won’t be well prepared for risk management. What Is Contingency Planning? The term contingency planning ...
What Is a Letter of Agreement? Learn what a letter of agreement is, when to use one, how to draft it properly, and why it’s a valuable legal document for clear and enforceable commitments. 7 min read updated on March 25, 2025 Key Takeaways A letter of agreement is a legally bind...
For example, in a group project, each member may have his or her own ideas about how to accomplish the task. What we should do is to have a full discussion so that each member can express his or her ideas instead of dismiss...
What is a contingent worker? A contingent worker is a worker who is hired on a temporary or fixed-term contract basis to provide specific services for a specific project or period of time. Contingent workers are not employees and, therefore, do not receive the same rights and benefits as pe...
Use ProjectManager’s kanban board to help with demand planning.Learn more Why Is Demand Planning Important? While striking a balance between supply and demand isn’t easy, the rewards are substantial. Demand planning can increase theprofitability of your company, boost customer satisfaction and buil...
This is especially useful for short-term projects, where costly in-house hiring and training may not address a long-term need and would cost more than the training’s enduring value. Flexibility: When your current contract ends, you can opt to offer another project to the independent ...
What is a construction bond? A construction bond provides a third-party guarantee (usually from a corporate surety) that the contractor will perform and complete the work according to the terms and conditions of the contract. A bond provides a guarantee to the project owner if the contractor do...