Who Uses These Tools
Finance / Risk
Project Manager – With a minimal amount of information, User can enter as many non-residential (industrial, civil and commercial) capital, maintenance, turnaround and outage projects as desired regardless of the project’s phase, manage those projects, and model the projects’ craft requirements using the proprietary Project Labor Forecaster®. All projects must be updated at least every 90 days by the User or their assigned to ensure the data is accurate. All projects are held confidentially and never revealed externally to another User or the public. The User completely controls the project internally, including who is able view and/or edit the project. Projects in the User’s account can be aggregated together to determine internal demand for a region or group of projects. User can analyze the labor risk of those projects against each other or the marketplace. Data and projects can be downloaded into Excel.
Portfolio Manager – Enables the User to upload as many projects into the Project Manager as desired all at once via an Excel spreadsheet. Projects can also be updated every 90 days through the same process.
Labor Manager – User enters information about the company’s craft and professional workforce directly from payroll (no personal identity data is collected) and manage that workforce data. Labor data must be updated at least every 90 days. User can then visualize internal labor supply and/or marketplace supply at a high level anywhere in the U.S., and analyze labor mobility, retirement attrition, skill levels and replacement needs. Data can be downloaded into Excel.
Market Intelligence – Users are able to create dynamic reports and data visualization by filtering the CLMA® database as desired allowing a clear understanding of labor market supply and demand, and therefore, risk. In addition, the unique CLMA® supply tracking data imported by Users into the Labor Manager, enables visualization and understanding of the impact of labor mobility, age attrition and supply growth on any project and/or the overall construction marketplace. All reports produced by the CLMA® are based on aggregated data and conform to strict confidentiality and anti-trust protocols. User can save reports and share information with their internal network. The CLMA® also provides macroeconomic data that enables User to analyze labor supply and demand in the context of the broader economy. Data can be downloaded into Excel.
Project Labor Forecaster® – When User enters a project, the proprietary PLF® identifies the cost of labor, craft mix, schedule and peak demand periods by day, week and month based on commonly known data points about capital and maintenance projects. In short, the PLF® calculates craft requirements for a project and when those crafts will be needed. This is particularly useful for planning and risk analysis on projects in very early planning stages. If labor demand is already known in other tools such as Primavera, that information can be imported directly into the project. After the project has been entered, User has complete control over the project and can adjust any element of the project, including wage and burden rates, labor distribution, labor curves and more.
The CLMA® algorithms that are used for determining project craft requirements were built in collaboration with our cost engineers, owners and contractors, and tested against completed projects. These algorithms cover the majority of the nonresidential construction market, but if certain algorithms are needed that are not currently in the CLMA®, we will work with you to develop custom algorithms to meet that need.
Project Labor Risk Analyzer – When User enters a project, the CLMA® assigns a project labor risk profile for each craft discipline and the project overall based on risk tolerances determined by the User. The risk profile is displayed via a Green (low risk), Yellow (warning) or Red (high risk) indicator. Clicking on the risk indicator button enables User to see the mitigation options available based on the project’s planning or construction phase. These risk mitigation options correlate to the Construction Users Roundtable Skilled Labor Shortage Risk Mitigation white paper, which is available on the User’s dashboard.
Project Compare-to-Market – Enables User to analyze project labor risk overlaying projects on marketplace demand and visualize how the project will compete for specific crafts in the region, during the construction period. This will enable User to identify if and when labor availability challenges will occur. All data is also available in tabular formats and downloadable into Excel.
GeoID™ – The proprietary GeoID™ tool enables User to visualize the number of workers coming available or being hired as project demand ramps up or down. This unique feature is available at the project and/or aggregated reporting levels and enables more effective geographic allocation of limited skilled labor. Data can be downloaded into Excel.
Custom Dashboard – Customized dashboards and/or portals can be built upon request giving Users the exact information desired in a company-branded application environment.
Compensation Manager – Enables the User to create/input their own wage and per diem tables (from their own sources) within their CLMA® account and employ that wage data for project labor planning and risk analysis, rather than rely on Bureau of Labor Statistics (BLS) wage data. The User is able to create wage tables by craft discipline by zip code radius, city and/or state. Complete BLS data is also provided to the User with this option.
Compensation Escalator (Coming Soon) – Enables the User to manually input wage and per diem escalation rates by quarter for up to 5 years out and employ that escalated wage data on a project-by-project basis for labor planning and risk analysis. This tool will include a dynamic econometric escalation model that updates automatically as market conditions change. This will allow the User to more effectively understand the impact and risk of fluctuating market wages currently and into the foreseeable future. Expected to be available in early 2016.
Construction Labor Market Forecaster™
The Construction Labor Market Forecaster™ (CLMF™) tools and suite-of-services enables the User to build a customized marketplace, baseline and/or project porfolio that enables impact determination and best-case, worst-case scenarios based on which projects move forward and when. CLMF™ features include…
- Custom portal built and branded for Customer
- Account will have a unique Custom Account Database which replaces the CLMA® database for a stipulated state or region. This will enable the User to dynamically create (on-the-fly) custom models and view custom outputs in isolation from, or in concert with the CLMA® database.
- Create unique, custom construction labor marketplace models using internal data or the Project Labor Forecaster®. Users will be able to input projects one at a time, or an entire portfolio/market model of projects.
- Compare marketplace models to baseline data, the actual marketplace and/or other internal projects to build market scenarios and determine skilled labor risk profiles for particular regions.
- Build custom compensation tables to apply to projects via the Project Labor Forecaster®. Burdened BLS wage rates will be supplied by CLMA® by craft or Users will be able to import their own current wage rates by craft and region.
- Build compensation escalation forecasts over a five year period by region. BLS wage rates will be supplied by CLMA® by craft or Users will be able to import their own current wage rates by craft and region. Currently, the escalation rates are supplied by the User based on their interpretation of macroeconomic data, or supplied by CIR as agreed to by User – future versions of the Labor Compensation Escalator will dynamically generate escalation rates based on proprietary econometric modeling.