Most contractors know their revenue and almost none know their margin by job. This is where we cover job costing systems, overhead allocation, break-even analysis and the reporting that tells you which work to bid more of and which to walk away from.
Cost to Complete: The Job Costing Report Every Contractor Needs LINKEDIN POST (Short Form) Construction companies do not fail because they lack revenue.
LinkedIn Content - Episode 00161 Residential contractors do not usually fail in commercial work because they cannot build. They fail because they bid commercial jobs with residential systems.
That’s one of the fastest ways to stay busy and still go broke. In construction, profit is not a bonus. It’s not greed. And it’s definitely not leftovers. Profit has to be built in
You can be profitable… and still run out of money. That’s where most contractors get blindsided. Here’s why:• You record revenue before getting paid• Cash goes out faster than expe