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Airport CFOs Checklist | Trust AND Verify to Minimize Airport Labor Costs

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As airport operations expand, CFOs face the increasing challenge of accurately tracking contractor labor costs across multiple, complex projects, with traditional manual methods often resulting in millions of dollars unverified. Without precise labor tracking, valuable insights that could enhance resource allocation and operational efficiency are missed. We have created a checklist for forward-thinking CFOs to identify areas for improvement. 

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The CFO’s Secret Weapon: Micro-Location Tech Transforms Airport Financials

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Our Ramsey Nuwar examines the challenges faced by airport CFOs in tracking contractor labor hours and says that micro-location technology is a solution. Our technology provides real-time data on contractor movements, enhancing safety, labor utilization tracking, and financial oversight. It aids in preventing overpayments, mitigating financial risks, and improving future project planning and resource allocation. By adopting micro-location systems, airports can significantly optimize costs, increase productivity, and enhance stakeholder reporting, paving the way for more efficient operations.

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Trust AND Verify: Using Technology to Track Airport Construction Labor

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Imagine airport CFOs having a digital window offering complete transparency into contractor work hours on construction projects, eliminating reliance on self-reported time cards. Micro-location systems, like the Volan Positioning System, ensure precise tracking of contractor presence and movements, mitigating financial risk from potential overpayments. This technology aligns digital records with construction invoices, providing CFOs irrefutable proof of labor accuracy before payments, enabling airport leaders to optimize resource allocation and better anticipate labor demands.

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