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Job Costing

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How to tie a fuel price adjustment to EIA diesel prices, with a 160,000-cubic-yard earthwork example

A fuel price adjustment pays for estimated gallons at the change in a diesel index. This example prices 160,000 cubic yards of earthwork.

6.29 September 2026 · +15.2% on the month · +67.8% on the year

Diesel averaged $6.29 a gallon in September 2026

U.S. on-highway No. 2 diesel retail price, monthly average, dollars per gallon, all taxes included

Diesel averaged $6.29 a gallon in September 2026Line chart with 25 points from September 2024 to September 2026. Series: U.S. on-highway diesel ($/gal). Values range from 3 to 6.345672024-092025-022025-072025-122026-052026-09September 2024: 3.56October 2024: 3.59November 2024: 3.52December 2024: 3.49January 2025: 3.63February 2025: 3.68March 2025: 3.59April 2025: 3.57May 2025: 3.50June 2025: 3.60July 2025: 3.78August 2025: 3.74September 2025: 3.75October 2025: 3.68November 2025: 3.82December 2025: 3.62January 2026: 3.52February 2026: 3.72March 2026: 4.92April 2026: 5.50May 2026: 5.60June 2026: 5.02July 2026: 4.96August 2026: 5.46September 2026: 6.296.29
Diesel averaged $6.29 a gallon in September 2026Line chart with 25 points from September 2024 to September 2026. Series: U.S. on-highway diesel ($/gal). Values range from 3 to 6.345672024-092025-092026-09September 2024: 3.56October 2024: 3.59November 2024: 3.52December 2024: 3.49January 2025: 3.63February 2025: 3.68March 2025: 3.59April 2025: 3.57May 2025: 3.50June 2025: 3.60July 2025: 3.78August 2025: 3.74September 2025: 3.75October 2025: 3.68November 2025: 3.82December 2025: 3.62January 2026: 3.52February 2026: 3.72March 2026: 4.92April 2026: 5.50May 2026: 5.60June 2026: 5.02July 2026: 4.96August 2026: 5.46September 2026: 6.296.29
Nominal dollars. EIA release of October 20, 2026. Source: eia.gov
DateTrendCategoryTitleSummary
DataHow to adjust a crew wage rate to another metro with BLS OEWS data, from $26 in Houston to $42 in ChicagoBLS OEWS wages let an estimator scale a home-market crew rate to another metro. In this example a $26 Houston carpenter rate becomes $42 to $45 in Chicago.
DataHow to compute unabsorbed home office overhead with the Eichleay formula, with a 60-day suspension exampleThe Eichleay formula prices home office overhead lost during a federal suspension. This example turns a 60-day suspension into a $2,000 daily rate.
AINetSuite plans AI agents that turn estimates into job budgets and draft pay applicationsNetSuite's planned construction product uses AI agents to turn estimates into schedules of values and job budgets, and to draft monthly pay applications.
DataHow to tie a fuel price adjustment to EIA diesel prices, with a 160,000-cubic-yard earthwork example FeatureA fuel price adjustment pays for estimated gallons at the change in a diesel index. This example prices 160,000 cubic yards of earthwork.
DataHow to price delay cost from the liquidated damages daily rate and your own field overheadFAR and FHWA rules set liquidated damages from the owner's daily costs. This example adds a contractor's field overhead and tests Saturday shifts.
DataHow to price crew vehicle mileage with the IRS rate, which rose to 76 cents a mile in JulyThe IRS business mileage rate is 76 cents for July through December 2026. This example prices a diesel crew truck's miles against $6.29 fuel.
DataHow to price per diem for a traveling crew with the FY 2027 GSA rates, $181 a day in most of the USGSA's FY 2027 standard per diem is $113 for lodging and $68 for meals. This example prices a four-person crew on a three-week out-of-town job.
DataHow to compute overtime premium on a 50-hour week, with a $40 wage that averages $44Overtime premium is the extra half-rate on hours past 40. This example turns a $40 wage into $44 per hour worked on a 50-hour week.
DataHow to annualize Davis-Bacon fringe benefit credit, with a $1,200 health premium worth $7.50 an hourDavis-Bacon fringe credit divides benefit cost by all hours worked. In this example a $1,200 monthly health premium earns $7.50 an hour of credit.
DataHow to compute an hourly rate for owned equipment with the Corps of Engineers method, with a $400,000 excavator exampleA worked example of the Corps of Engineers equipment rate method prices a $400,000 excavator at $93.99 an hour and $21.59 on standby.
AIPunch raises $2 million for spoken daily reports that one drywall superintendent says take 3 minutes instead of 30Punch turns a superintendent's spoken jobsite updates and photos into a daily report, follow-up tasks and purchase orders under the contractor's own rules.
DataHow to compute labor burden per hour worked, with a $50 wage that costs $70.86Labor burden adds payroll taxes, insurance and benefits to wages. This example turns a $50 wage into $70.86 per hour worked and checks it against BLS.
DataHow to tie a steel escalation clause to a BLS producer price index, with a $1.2 million exampleAn escalation clause moves a fixed price with a named BLS index. This example adjusts $1.2 million of steel with a 3% trigger and a 10% cap.
DataHow to track retainage aging by job and by owner, with a $1.35 million example FeatureRetainage aging starts when the release comes due. This example sorts $1.35 million of retainage on six jobs by job, by owner and by days past due.
AISpeedchain says its AI Receipt Agent cut one contractor's month-end close time 95%Speedchain's AI Receipt Agent collects card receipts by text, reads the vendor and amount, and suggests the job and cost code for approval.
DataHow to measure labor productivity from daily logs and timecards, with a drywall exampleUnits installed per labor hour come from the daily log and the timecards. This example tracks a drywall crew for 10 days against its estimate.
DataHow to compute SPI and CPI from pay application data, with a $12 million example FeatureSPI and CPI compare earned value from the pay application to the baseline plan and to job cost. This example works both for a 12-month job at month six.
DataHow to measure change orders as a percent of original contract by cause, with a $100 million exampleChange order rate divides approved change orders by the original contract. This example splits it by job and by cause across six jobs.
DataHow to measure gross margin fade across a portfolio of jobsFade compares each job's bid margin with its current estimate. Here is how to measure it by job, by estimator and across the portfolio.
DataHow to build a work-in-progress schedule from job cost data, column by columnA WIP schedule needs four inputs per job. Here is how each column is calculated and what it tells a CFO, with a four-job worked example.