Job Costing Mechanicsville VA

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

Monte Cristo Concrete
804-405-5646
po box 28624
richmond, VA
Kyong Pak
(804) 559-4686
8395 New London Rd
Mechanicsville, VA
Mitchell Windows & Siding
(804) 730-1046
Mechanicsville, VA
Residential Maintenance Services
(804) 781-0932
6451 Rock Hollow Ct
Mechanicsville, VA
Best Windows and Doors
(804) 730-6897
Mechanicsville, VA
J Wayne Munn
(804) 781-0337
4281 Armstrong Dr
Mechanicsville, VA
Home Savvy Inc
(804) 779-7099
7485 Hidden Lake Cir
Mechanicsville, VA
Virginia Majestic Construction Inc
(703) 532-4079
6316 Castle Pl
Falls Church, VA
Kmc Home Improvement
(804) 861-6594
Petersburg, VA
Best Home Inspectors
(703) 279-8020
10431 Lee Hwy
Fairfax, VA


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

Monte Cristo Concrete

804-405-5646
po box 28624
richmond, VA
www.montecristoconcrete/testimonials.html

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