Job Costing Edmond OK

Most estimators assume that eight hours on the jobsite are eight productive hours. With no job costing, you'll never discover how misguided that assumption is.

Local Companies

L&L&L Framing
405 922 4903
6617 StonyCreek Dr
oklahoma city, OK
A-Line Striping, Inc.
405-225-6773
2212 N. Ann Arbor
Oklahoma City, OK
GEC Enterprises, Inc.
405-737-0946
512 Country Club Terr
Midwest City, OK
Kudron Ready Mix, Inc.
405 373 4999
P.O. Box 720899
Oklahoma City, OK
Freedom Insulation
(405)819-7843
1401 Ethan Ln
Yukon, OK
Handyman Matters
(405) 216-5440
Edmond, OK
Bella Construction
(405) 844-7665
2901 Pinto Trl
Edmond, OK
S & R Construction
(405) 562-1296
400 N Broadway
Edmond, OK
Hampton Debra K Atty
(405) 359-8608
3126 S Boulevard St Ste 304
Edmond, OK
Ken's Electric
(580) 256-9320
Woodward, OK


There's a debate currently raging surrounding the relative merits of time and materials billing vs. fixed-price contracts.

In most respects, I think it's no contest: Fixed pricing wins hands down for lots of reasons. It holds the potential for higher margins. It provides a strong incentive to clients and remodelers alike to buy right. And it keeps clients' prying eyes away from parts of the business, like markup, that they wouldn't understand anyway.

There's a dark side to fixed-price contracts, however, and it has to do with what is perceived to be another advantage: Fixed-price contracts are easy to administrate.

What turns this advantage into a liability? Most remodelers working with fixed-price contracts pay attention to costs just long enough to price and sell the job. After that, they can apply for scheduled draws or so-called progress payments without ever taking another look at how the actual costs of construction squares with their estimate.

Paid as You Go

Unfortunately, profit depends not just on what you sell the job for but on how much you spend to produce it. T&M contracts won't solve this problem — they're too open-ended — but cost-plus contracts just might. They may be time-consuming to administrate, but so is job costing. That's why most remodelers either don't do it or wait until long after the job is over to find out whether or not they made any money.

Click here to read full article from Remodeling

Featured Local Company

L&L&L Framing

405 922 4903
6617 StonyCreek Dr
oklahoma city, OK

Related Local Event
Oklahoma City Construction Expo 2009
Dates: 5/27/2009 - 5/28/2009
Location: Cox Business Services Convention Center
Oklahoma City, OK
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