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.

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