Overhead in the context of construction refers to the indirect costs that are incurred during the building process. This includes expenses such as insurance, utilities, salaries for office staff, and equipment maintenance. These costs are necessary for the operation of the construction project but do not directly contribute to the physical construction of the building. Overhead costs are typically calculated as a percentage of the total project cost and are added on top of direct costs such as labor and materials.Managing overhead costs is crucial in the construction industry as they can significantly impact the profitability of a project. Contractors must carefully track and analyze overhead expenses to ensure that they are within budget and do not exceed the allocated amount. By effectively managing overhead, construction companies can improve their bottom line and remain competitive in the
What is Overhead?
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Top 3 reasons construction finance teams use the Vergo platform
automate manual processes
Eliminate the hassle of manual data entry and repetitive tasks with our automation tools. Our platform ensures a smooth transition with free setup and ongoing support, making it easy for your team to get started.
streamline communication with the field
"Improve coordination and information flow between your office and field teams with our desktop and mobile app. Our platform enables real-time updates and seamless communication, keeping everyone on the same page.
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unlock better reporting & analytics
Transform your data into actionable insights with our powerful reporting and analytics tools. Our platform provides instant access to critical information and dedicated support to help you make informed decisions faster.
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"Our finance team absolutely love the platform."
"The platform has boosted our workflow efficiency and team collaboration. It's intuitive and user-friendly, allowing us to quickly adapt and enhance productivity."
"We saved hours eliminating manual data entry."
"Automating our data entry processes has saved us hours. The software captures and organizes our financial data accurately, reducing errors and freeing up time."
"We have so much more clarity into our project data."
"The platform gives us real-time insights into project data with advanced analytics and reports, helping us make better decisions."
