Average Market Price
12 Hours of Work: Essential Professional Services for Construction
Introduction
Did you know that professional services play a critical role in the success of construction projects? Tracking work hours accurately is vital for effective project management. This post focuses on 12 hours of work conducted on Tuesday, March 25, 2025, at 698 Chauncey St, Brooklyn, NY 11207.
What is 12 Hours of Work?
12 hours of work refers to the regular hours contributed by professionals in various construction tasks. This data is essential for project budgeting, payroll, and resource allocation. Accurately documenting work hours ensures transparency and efficiency in construction operations.
Key Properties & Specifications
- Date: Tuesday, March 25, 2025
- Total Hours Worked: 12 hours
- Location: 698 Chauncey St, Brooklyn, NY 11207
- Standard Unit: HR
Current Market Pricing
Here's the latest pricing information sourced from the Costcrunch.ai construction materials database:
Price Type | Price per HR |
---|---|
Median Price | $22.00 |
Latest Price | $22.00 |
Average Price | $22.00 |
Price Range | $22.00 - $22.00 |
Data source: Costcrunch.ai
Common Applications
The documentation of work hours is utilized in various applications, including:
- Project Management: Helps track labor costs and resource allocation.
- Budgeting: Essential for creating accurate project budgets and forecasting.
- Billing: Ensures correct invoicing for services rendered.
- Performance Evaluation: Aids in assessing worker efficiency and productivity.
Cost Factors
Several factors can influence the pricing of work hours:
- Skill Level: Rates can vary based on the expertise of the workers.
- Project Complexity: More complex tasks may require higher rates.
- Location: Labor costs can vary significantly by geographic area.
- Market Demand: Economic conditions and demand for labor can affect pricing.
Industry Standards & Regulations
Adhering to industry standards is essential. Work hour documentation must comply with:
- Fair Labor Standards Act (FLSA): Regulations regarding minimum wage and overtime.
- Occupational Safety and Health Administration (OSHA): Ensures safety standards for workers.
Expert Tips for Contractors
- Track Hours Accurately: Use time-tracking software for precise documentation.
- Communicate Clearly: Ensure all workers understand the importance of logging their hours.
- Review Regularly: Conduct regular audits of recorded hours to ensure accuracy.
Market Trends
The construction industry is increasingly focusing on labor efficiency and cost management. Accurate work hour tracking is becoming a critical component of this trend, promoting accountability and enhancing project outcomes.
In Summary
- 12 hours of work is crucial for project management and budgeting in construction.
- The price for this work is consistently $22.00 per hour.
- Common applications include project management and billing, ensuring transparency.
- Understanding cost factors and industry standards can aid in informed decision-making.
For contractors and builders, accurately tracking work hours is essential for successful project execution. Make sure to implement best practices for documentation and stay informed on pricing trends for optimal project outcomes.