Get job costing wrong, and you lose money on profitable-looking projects.
Construction is project-based, which means lumpy cash flow and the need for careful job costing. You'll learn to track costs per job (materials, labour, subcontractors, overhead allocation), understand labour efficiency (are your team productive or are they wasting time?), and manage variation orders (changes to scope that generate extra revenue). You'll understand working capital forecasting — how cash is tied up in materials before you invoice, and how retention clauses (customer holds back 5-10% until completion) affect your cash position.
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Follow this learning path to master construction & trades: job costing and cash flow.
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