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Which is it... LEM or a Daily Field Report?

Which is it... LEM or a Daily Field Report?

4castplus Construction Cost Tracking Software - Which is it... LEM or a Daily Field Report

Construction contractors are increasingly adopting technology to track their daily costs and activities from the jobsite. Some will refer to this as tracking their daily LEM – which stands for Labor, Equipment and Materials – however others may call it Field Data Capture; and some may call it the Daily Field Report, or Site Superintendent Report. Although we’ve adopted an industry term, “Construction Cost Tracking” as a general name to describe the activity and process, we tend to use “LEM” as the term that describes the final document(s) that contain all the jobsite data that gets tracked.

If you’re familiar with 4castplus at all, you’ll know that the system enables contractors to track much more than labor, equipment and materials. There’s clearly much more going on than that – so a “LEM” is just a term used that encapsulates the broad variety of everything that gets tracked. Other data that gets captured in the LEM includes: labor expenses like subsistence and meals; along with 3rd party vendor expenses; material field receipts; daily log and the weather. Field personnel can also input production quantities as progressed items that are completed. It also allows field personnel to upload any number of documents into organized document repository categories. There’s additionally a very powerful Vendor LEM option to track the costs and expenses from subcontractors.

Reporting done right means cost savings for you

All this data that is input at the jobsite gets stored into a big fat relational database in the cloud - data that’s shared in real-time with the rest of the team back in the office or other parts of the world. And because that data is now in a powerful database, users can generate a great variety of reports in a single click. Reports such as a Daily LEM, or Daily Field Report, Daily Cost Report, Weekly Cost Report, etc. They can also produce billing backup reports, accruals reports, payroll reports and a zillion more reports and charts for multiple purposes.

So, whether you call it a LEM, construction cost tracking, a Daily Field Report or other, it’s clearly vital that the data gets tracked and stored efficiently, accurately and completely. Moving away from paper and spreadsheets, and into a dedicated project cost tracking solution, will deliver enormous cost savings and provide you with accurate and real-time visibility into all your projects and programs.

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By Michael S. Wilson | October 16, 2017 | Categories: Construction Cost Tracking, construction estimating software, Construction project management software, Construction project software, Construction Tracking Software, field data capture, field data capture software, jobsite lem tracking, Project Cost Controls, Real-time project cost tracking, supply chain management software, vendor accruals tracking, construction cost tracking software, managing subcontractor performance, vendor management software, project management software vendors, vendor management tools, vendor management solution, daily field report, LEM, cost tracking, site superintendent report, Labor, Equipment and Materials, Equipment, Materials, jobsite data, Vendor LEM, billing backup reports, accruals reports, construction project manager, jobsite tracking software, project management software vendor | 0 Comments

About the Author: Michael S. Wilson

Michael S. Wilson

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