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Numbers Contractors Must Know & Track To Make A Profit

Provider: Informa
Discipline: Ethics & Business Practices
Credits: 1.50

Owning and managing a profitable construction company starts with knowing your numbers, managing your money, a clear understanding of what it costs to run your business, and keeping track of your numbers. Reach your bottom-line goals by monitoring, tracking and updating your financial scorecard. Learn the 12 step formula to always make a profit, how to use your Work In Progress and Completed Contracts schedules, track your monthly sales revenue and gross profit, develop a job size mark-up plan, create a dual mark-up system, track your field productivity, determine the right overhead, and decide how much profit you should make.

1. Develop a clear understanding of your numbers to manage your company and make a profit
2. Calculate the right price for job cost, equipment, labor, overhead, mark-up, and profit
3. Implement a scorecard tracking system for job cost updates, sales, margin, cash, receivables & payables
4. Model your company budget to track progress and profits, accurate job cost, and money management

For more information please visit www.worldofconcrete.com or contact Informa at 972-536-6416.

Future Dates and Locations

Date Time Location Speaker Cost
No courses scheduled

“The ‘MCAA Safety Advantage” will help us all become safer contractors.”

Mackie Bounds
Brazos Masonry, Inc.
MCAA member since 1991

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