Job Costing Fundamentals: Are You Actually Making Money on Each Job?

You can feel the money moving. You can't tell if any single job is making it. In this episode, Greg Gorman breaks down job cost management and why hidden jobs that quietly bleed can still occur in a profitable company. Plus the three fundamentals that make job costing work and why you can still save a job at 40 to 50 percent complete (but rarely at 75).

Chapters:

00:00 - Why job cost management is a top priority

02:13 - How does company profit hide a bleeding job?

03:45 - What actually counts as a job cost?

09:54 - The three fundamentals of job costing

15:51 - How do you catch profit fade in time?

19:42 - Why acting at 40-50% beats a locked-in loss

For fractional CFO support: https://ascentconsults.com/fractional-cfo/

The operator's playbook for scaling construction: https://ascentconsults.com/build-it-better-ebook/

Greg Gorman: https://www.linkedin.com/in/gregory-gorman-mba-115ba34/

Check out all the Construction Hot Takes episodes on the Ascent website! https://ascentconsults.com/construction-hot-takes-podcast/