Gilbane Constructing Change with Innovation
How Gilbane uses cutting-edge technology to manage risk and enhance project efficiencies.
CHALLENGE
In the highly competitive landscape of the construction industry, Gilbane stands out not just for its excellence in project execution but also for its unwavering commitment to the safety and wellbeing of workers. Recognizing the pervasive challenge of wage theft—costing workers an estimated $50 billion annually—Gilbane confronted a pivotal challenge: ensuring wage compliance while maintaining their competitive edge as an industry leader. Wage theft is particularly rampant in construction due to multitiered labor environments and a lack of transparency. Law enforcement is heightening legal scrutiny and enforcing stricter penalties to address the escalating problem within the
construction industry. Wage theft posed both a legal and reputational risk to Gilbane - threatening the foundation of trust and ethical standing the organization had worked tirelessly to build with workers and owners alike.
SOLUTION
Gilbane's response to this challenge was both strategic and visionary: the implementation of Verfico Technology. Verfico's cutting-edge solution enabled unparalleled transparency and compliance, capturing worker log data and reconciling it against payroll information to guarantee fair compensation. This proactive approach provided real-time insights into potential discrepancies, significantly reducing wage assurance risk and the costs associated with litigation.
PILOT OUTCOME
Verfico has the potential to help Gilbane improve efficiency in 3 key areas:
"The Verfico and Gilbane partnership enables us to deliver the type of innovative and transformational programs that represent our core company values. It allows us to proactively navigate the complexities of labor compliance while solidifying our commitment to ethical practices and making a positive impact in the communities we serve."
KELLY BENEDICT
VP, Head of Innovation & Tranformation, Gilbane
Litigation Costs
In 2023, wage theft cases brought by the DC Attorney General had an average settlement cost exceeding
$600K. With legal fees often reaching hundreds of thousands of dollars, coupled with reputational damage leading to lost business opportunities, total costs can escalate to millions.
Manpower Costs
Project teams currently dedicate significant time to manual reports and data entry, prone to errors and fraud. Verfico enhances data accuracy by directly linking daily reports to worker logs, saving supervisors and foremen 15-30 minutes daily, equating to over 350 manpower hours on a yearlong project
Project Costs
Project delays incur significant financial losses for general contractors annually. Verfico's data alerts project teams to manpower shortages in real time, preventing costly delays.
