Job costs are the lifeblood of your construction business and accurately estimating them will determine if a project will make money.
Managing job costs across the life of the project will ensure that your firm makes money on every job. Moreover, those job-by-job profits make the office and your executive salary possible.
Despite this, some CFOs don’t take job costs seriously. Some see tracking those costs as more trouble than it is worth, while others think that the costs are so obvious that tracking them seems like extra, unnecessary work.
Neither is true and both can limit your firm’s profitability. Here are seven tips that can make job cost tracking easier than you might think: