Seminar ID: 109407

Job Costing for Small Construction Companies

Job Costing for Small Construction Companies

The Key to Profitability

Job costing connects the money spent on a job against the money collected to complete the job and tracks all the costs related to the job to determine its profitability. A typical misconception about job costing is that it is only for large contractors with many employees. Keeping track of these costs and expenditures takes extra time and work for contractors and field workers, and oftentimes construction company owners don’t experience an immediate benefit. In fact, some contracting businesses haven’t put job costing procedures in place despite the financial risks. This white paper reviews costs involved in creating helpful job costing reports that can help companies understand the value of investing time into job costing.