From enemy to ally – Recognizing and accounting for indirect costs

Description

Abstract: In today’s construction industry, every project must be held accountable for its own expenses — in as much detail as possible. Thus, contractors need to systematically identify and account for indirect costs to ensure they see the true cost of each project. This article explains how to define, identify, allocate and contain indirect costs. A sidebar looks at a way to keep overhead expenses from getting out of control.