Business

Small and Medium Construction Companies Lose Billions in Payroll: Here's What Owners Can Do

Construction companies are overpaying payroll by $7 billion annually, and that’s a conservative estimate. By leaning into technology and embracing the right tools, construction companies can reduce the amount of payroll error.
By Nic De Bonis
September 8, 2021
Topics
Business
by Nic De Bonis
Nic De Bonis is the CEO of Workyard, a workforce management platform designed specifically for the construction industry. Leveraging Nic's proven track record of being a world-class technology builder, Workyard has helped construction company owners more effectively manage their jobs and crews across thousands of projects.

Related stories

Business
It’s All Relative: The Importance of Building and Maintaining Relationships in Construction Cover Art

It’s All Relative: The Importance of Building and Maintaining Relationships in Construction

By Chad Prinkey
In a world where relationships seem to be taking a backseat to digital “connectedness,” executives from a recent Associated Builders and Contractors’ panel discussion agree that where construction is concerned, rapport still matters.
Business
Tariffed Construction Materials Prices Rise in May Cover Art

Tariffed Construction Materials Prices Rise in May

By ABC
The tariffs are taking effect—and materials prices are reflecting that.
Business
Contractors’ Backlog Falls Sharply in May Cover Art

Contractors’ Backlog Falls Sharply in May

By ABC
While ABC's Construction Backlog Indicator fell in May 2025, it is up since this time last year.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.