The Change Order Pricing Formula Every GC Should Know by Heart
Break down change order pricing into four defensible components: burdened labor, materials with tax and freight, equipment, and markup. Cons...
Cost-to-Complete Estimating: The Key to Accurate WIP Reporting
Accurate WIP reporting depends on forward-looking cost-to-complete estimates, not just budget math. Here is how to build CTC figures by cost...
Certificate of Insurance Tracking: A GC's Checklist for Renewals and Lapsed Coverage
A practical checklist for GCs to collect, track, and enforce subcontractor certificates of insurance, including renewal alert schedules and...
Schedule of Values Best Practices: Lump-Sum vs Unit-Price Contracts
Lump-sum and unit-price contracts require different Schedule of Values structures. Here's how to set up your G703 correctly for each contrac...
Migrating from QuickBooks to Construction-Specific Accounting: A Practical Guide
QuickBooks works until it doesn't. Here's how to migrate to construction-specific accounting software without derailing your active jobs.
Chart of Accounts for General Contractors: What Goes Where
A generic chart of accounts creates billing headaches and bad job cost reports. Here's how to build one that actually works for a general co...
Subcontract Management Basics Every Small GC Needs Before Winter Work Kicks Off
Before winter work overlaps with fall closeouts, small GCs need a subcontract management framework that keeps agreements, billing, and backc...
When Scope Shrinks: A GC's Step-by-Step Guide to Negative Change Orders
When an owner deletes scope mid-job, most GCs give back too much. This case study walks through a real-world negative change order from firs...
Fixed-Price Contracts and Rising Material Costs: How to Protect Your Margin
Material cost volatility hits fixed-price GCs hardest. Here's how to structure bids, negotiate escalation clauses, and track exposure before...
Percentage-of-Completion Accounting: A Real Job Walkthrough
A step-by-step walkthrough of percentage-of-completion accounting using a real $1.2M medical office buildout, covering earned revenue, WIP,...
Subcontractor Pay Application Review: Your 5-Point Checklist
Before you approve a sub's G702/G703, run it through this five-point checklist covering SOV alignment, field progress, stored materials, ret...
How to Price a Change Order: Labor, Material, Equipment, and Markup
A repeatable 8-step formula for pricing change orders: loaded labor rates, material quotes, equipment costs, sub markups, and overhead plus...