Penny Lane, a construction accounting expert, discusses the importance of designing a simple yet effective chart of accounts and cost coding system for contractors. She emphasizes using these financial tools to track profitability, make informed pricing decisions, and ultimately run a more successful construction business.

https://jobcosting.com/

Construction accounting, chart of accounts, and cost coding with a specialist. (0:00)

Chart of accounts for contractors, including types of accounts and how they relate to financial reports. (3:50)

Job costing and accounting for direct and indirect costs. (9:50)

Accounting for construction costs, including cost of goods sold and indirect costs. (14:59)

Simplifying accounting systems for contractors, focusing on cost codes and chart of accounts. (21:42)

Breaking down job costs into subcategories for easier tracking and analysis. (25:57)

Organizing financial accounts for contractors to track profitability. (30:58)

Profit margins, markups, and cost structure for contractors. (35:13)

Construction accounting basics and how to use financial data to make better business decisions. (39:57)

Find Our Hosts:
Reece Barnes
Matt Calvano

Podcast Produced By:
Motif Media

Bryan Uhler, of Pioneer Builders, shares his insights on managing cash flow and building a successful speculative home building business, emphasizing the importance of rational decision-making, financial management, and building homes with integrity.

Bryan Uhler

https://pioneerbuildersonline.com/

Running a healthy speculative building business with a guest builder. 0:00

Building and construction, from accounting background to spec homes. 2:53

Spec home building risks and strategies for success. 8:49

Managing risk and cash flow for a spec home builder. 13:59

Real estate investing and building homes with integrity. 21:38

Financial management for construction businesses, including tracking financials, costs, and accounting. 27:37

Building custom homes, financial management, and decision-making. 33:43

Find Our Hosts:
Reece Barnes
Matt Calvano

Podcast Produced By:
Motif Media

Today on Builders Budgets and Beers we discuss the pros and cons of cost-plus vs. fixed-price building models in the construction industry. Builders Brad Robinson and Scott Bland debate the merits of each approach, considering factors like risk, profit potential, overhead, client satisfaction, and quality control.

Brad Robinson
https://www.bradfordremodels.com/

Scott Bland

https://jimblandhomes.com/

Cost plus vs. fixed price contracts in construction. 0:00

Cost-plus vs fixed-price building models. 4:45

Cost-plus contracts in construction industry. 9:51

Cost plus vs fixed price pricing models in construction, with a focus on risk and reward. 13:19

Fixed-price vs cost-plus contracts in construction, with a focus on risk management and profit potential. 17:34

Build cycle, pre-construction process, and client satisfaction. 20:46

Cost-plus vs fixed-price contracts in home building, with emphasis on managing client expectations and avoiding disputes. 26:42

Cost-plus and fixed-price contracts in construction, with emphasis on client communication and risk management. 31:03

Client expectations and quality control in construction projects. 37:56

Cost plus vs fixed price contracts for custom home building, with emphasis on quality and consistency. 41:37

Construction cost markups and margins. 45:37

Pre-construction contracts and cost estimation. 52:42

Building a legacy through quality home construction. 57:44

Builder culture, marketing, and TV shows. 1:04:36

Find Our Hosts:
Reece Barnes
Matt Calvano

Podcast Produced By:
Motif Media