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...
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,...
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...
Labor Burden Calculation: What Belongs in Job Cost Beyond Wages
Base wages are only part of what field labor costs. Learn how to calculate full labor burden and why it must hit your job cost records on ev...