Estimating is from Venus; Financials are from Mars
Discipline: Bidding Practices
Do you really know how much it costs to do the work that you do? First you create estimates to sell jobs and then you must track the costs of the jobs to know if you made a profit. And you should be able to compare these on an apples-to-apples basis. Learn to better track and evaluate the costs of your jobs so that you can analyze profitability. This session will also help you determine the cost of your field labor, including an adjustment for labor efficiency, so you can price jobs correctly. We will also explore the importance of creating an estimating template that mirrors your financials—so your estimating and financials are both on planet Earth.
1. Determine all costs that should be included in a fully burdened labor rate
2. Uncover ways to structure your Profit and Loss Statement to better analyze job profitability
3. Explore job costing techniques to obtain more accurate reports
4. Generate an estimating template that mirrors your financials
For more information please visit www.worldofconcrete.com or contact Informa at 972-536-6416.
Future Dates and Locations
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