We work with clients to address the critical components to properly tracking our expenses by job. This includes identifying which expense categories should be tracked by job, developing processes for capturing expenses, coding them to appropriate jobs, capturing labor costs and then ensuring that all costs incurred were properly costed to specific jobs. Ideally between between 95% and 100% of targeted expense lines will be allocated to jobs.
With the above information, we are able to utilize the job costed information to show our profitability per job and compare that to our benchmarks and original proposals/estimates. This process ensures that unknown costs are not slipping through the cracks, and that we are actually realizing a profit margin similar to the one that was estimated when you landed the job.
Further, we will help you calculate your overhead burden and needed profit margin for you to include in job your estimates.
We encourage you to call us for a free consultation to see how we can help you setup a proper job tracking and costing system today...