Job Costing Monroe MI

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

Allphaze Painting
(734) 244-6160
49 Tamarak Trail
Monroe, MI
Yeager Construction
(734) 854-2765
4121 W Samaria Rd
Temperance, MI
Woodhams Repair Services
(517) 282-7158
East Lansing, MI
Kauffman Construction Inc
(231) 652-3921
126 W 64th St
Newaygo, MI
Peter Berkobien Insulation
(989) 781-5102
6938 Gratiot Rd
Saginaw, MI
Jagway Construction Services
(734) 424-9855
Pinckney, MI
Home Improvements by Bradley
(248) 627-5634
1888 Oakfield St
Ortonville, MI
Unique Remodeling
(810) 424-9095
3427 Torrey Rd
Flint, MI
Paul John Construction
(989) 471-2830
Ossineke, MI
Wood Richard B Builder
(989) 773-9326
2718 Westwood Dr
Mount Pleasant, MI


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

Allphaze Painting

Single family homes Custom homes Condominiums Office Buildings plus more!

7342446160
49 Tamarak Trail
Monroe, MI
www.allphazeconstruction.org

Drywall, masonry, landscaping, painting, roofing, etc.
Licensed and insured

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