A few months ago, I was speaking with an accountant whose small construction client was experiencing tremendous growth. We’re talking double the number of projects that typically came in the door. For the accountant, however, the growth was taking the company’s job costing process to its knees. There was a lot more work to maintain the Excel spreadsheets he used to track the firm’s job cost. And to make matters worse, there was no easy way to handle overhead.
This isn’t the first time I’ve heard a story like this. Unfortunately, many contractors don’t realize that there is a better way to manage job costs. In our new e-book Protecting profits: Seven ways you can improve job cost tracking, we show you how the latest construction technology can help you:
- Know your committed costs.
- Manage change orders.
- Improve labor tracking.
- Keep track of contracts.
- Get user-definable alerts and scheduled reports.
- See work-in-progress costs.
- Create more accurate estimates.
Landing more work is something to celebrate. Don’t let time-consuming, ineffective job cost tracking keep you from reaping the profit benefits.