Job Costing Petersburg 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

Allexteriors
(804)4374467
9711 Sping Run Road
Richmond, VA
Orleans Co Tree Service
(804) 733-4225
Petersburg, VA
Nunnally's Home Improvement
(804) 732-0100
348 S Crater Rd
Petersburg, VA
Kmc Home Improvement
(804) 861-6594
Petersburg, VA
Tri-City Industries Inc
(804) 861-3171
14301 S Crater Rd
Petersburg, VA
Skyline Country Home Furnishings
(540) 535-2002
1850 Apple Blossom Dr
Winchester, VA
Buddy's Home & Additions Inc
(703) 255-6100
Vienna, VA
J Barreket Home and Garden
(540) 722-9204
3111 Valley Ave
Winchester, VA
Better Homes Remodeling
(703) 273-2650
10505 Judicial Dr
Fairfax, VA
Inspection Reporting
(703) 781-0100
Manassas, 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

Allexteriors

(804)4374467
9711 Sping Run Road
Richmond, VA
www.allexteriors.net

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