TradesTrade 01 of 08
Construction financial management for Electrical Contractors.
Electrical work splits between service and project revenue, and each one hides profit differently. We show you which side actually pays.
In short
How does construction financial management work for electrical contractors?
We run the money side the way electrical work actually needs it. Keep service work and project work apart in the job costing. Keep WIP schedules on your active installs. Use a loaded labor rate that carries the real taxes, insurance, and benefits. Your bids then hold up.
ProofBonding line, six months
“A completely different product than what our old CPA produced.”
Electrical contractor, Seattle WA
$5M to $10M
What we do5 line items
On this trade
Copper and gear prices swing, prevailing wage rules apply on public work, and labor is most of every bid. A job can look busy and still lose money if the loaded labor rate is wrong or a change order never gets billed. Most electrical contractors find out months later.
We run the money side the way electrical work actually needs it. Keep service work and project work apart in the job costing. Keep WIP schedules on your active installs. Use a loaded labor rate that carries the real taxes, insurance, and benefits. Your bids then hold up.
- Job costing split by service against project work
- WIP schedules on active installs
- Loaded labor rate so bids hold margin
- Certified payroll on prevailing-wage jobs
- Change-order billing you do not forget
Questions3 answered
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01
Do you work with both service and new-construction electrical contractors?
Yes. We keep service revenue apart from project revenue in your job costing. You then see the true margin on each. The two behave differently on cash and on profit.
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02
How do you handle prevailing wage and certified payroll?
We build certified payroll into your cost tracking. You then price public and bonded electrical work with the correct loaded labor rate. We file it correctly, and nobody rebuilds it at year end.
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03
Our books are already being kept. Why add construction financial management?
day-to-day bookkeeping records history. We tell you which jobs make money before they close. We tell you what you will owe in tax. We tell you how much you can bond, and what the business is worth. Day-to-day bookkeeping does none of this.
NextAustin, Texas
Which job loses money right now?
Underbid one large commercial job on labor and the margin from a dozen service calls disappears with it.