Top 3 Essential Things to Consider in a Contractor Timesheet
If you are trying to make a contractor timesheet, then you need to learn about the fundamentals of this kind of timesheet. As we all know, the construction industry has a wide range of projects and many business stakeholders. If you want a construction project to go smoothly, then you need a proper timesheet that will help you do that.
A construction timesheet will help you monitor everything there is to monitor in any construction project. However, a timesheet is so much more than just attendance records or time clocks. A reliable construction timesheet will also help you keep track of the tasks that your workers need to do.
You can easily find a construction timesheet template online. You can also make your construction timesheet. However, there are certain things that you need to consider. Whether you are using a template or making your timesheet, here are some of the things that you need to pay attention to.
Timesheets are More Than Just Attendance Records and Time Clocks
As we have mentioned before, a reliable construction timesheet tells you way more things than just attendance and time clocks. You will find several problems if your timesheet only does this. And a construction timesheet template Excel that only emphasizes these features will not help you run a smooth project at all.
Timesheets should help you record the work that is being performed on a specific job. You can use timesheets as a reference for payroll. Aside from that, an excellent contractor timesheet will also help you figure out the performance reports and job costing, which can be very useful information.
The Type of the Contract and Delivery Model
Next, you also have to consider the contract type and delivery model of the contract. You will need timesheets for staff, labor hires, and direct workforces. However, the contract type and delivery model will affect your timesheet.
If the delivery model of your project is the schedule of rates and subcontract lump sum, you can use a basic timesheet. However, if the project has great risk exposure to the contractor, you have to match the timesheet processes to this delivery model.
Other Samples of Contractor Timesheet :
Many Stakeholders are Involved in the Timesheet Data
The last essential thing that you need to consider is the stakeholders that are involved in the timesheet data. You should know that you will find a lot of stakeholders in the processes in a timesheet. You will also find many people who will use the timesheet data.
Some of the stakeholders that are involved in the timesheet data include the individual workers, subcontractors, supervisors, engineers, project managers, payroll, contracts administrators, CFO, HSE, commercial, project controls, and estimators. Because of how many the stakeholders are, it might be best to use a digital timesheet, such as a construction timesheet app to record the whole process.
You need to keep in mind that a manual timesheet has a lot of gaps and disadvantages if many stakeholders are involved. There will be major risks of leaks, lost time, or avoidable costs that you will find. That is why you need to consider the stakeholders if you want to create an effective constructor timesheet.
Contractor Timesheet Template | Excel – download