Job Costing Lakewood NJ

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

The Colabella Group LLC
732-830-3366
10 Sheldon Avenue
Brick, NJ
OAKTREE SHEDS AND GAZEBOS
732-303-0747
399 ROUTE 9 NORTH
HOWELL, NJ
Cabin doctor
609-758-0555
853 Rt 537
Cream ridge, NJ
Renovating Solutions Group Inc.
(732) 946-4190
522 Route 9 North
Manlapan, NJ
http://etownconst.com/1_3_Contact.html
732 239 9932
41 b lasatta ave
englishtown, NJ
Kustom Home Improvements
(732) 364-4099
Lakewood, NJ
Jrc Construction
(732) 928-8882
Lakewood, NJ
Allen's Painting
(732) 370-2195
1523 Long Beach Ave
Lakewood, NJ
Deluxe Home Improvement Llc
(732) 905-1635
Lakewood, NJ
Eckelmann Brothers Construction
(908) 788-0619
9 Britton Rd
Stockton, NJ


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

The Colabella Group LLC

732-830-3366
10 Sheldon Avenue
Brick, NJ

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