Contractor’s Job Profit Check

Check the practices you consistently follow. Unchecked items help identify what to review next; they do not automatically mean a job is unprofitable.

Pricing the job

I estimate labor, materials, subcontractors, and other direct costs before quoting.Include the costs required to do the work.

I account for overhead when setting the price.For example, insurance, vehicles, tools, and business expenses.

I know how much profit I want the job to produce before accepting it.

I check the numbers before offering a discount or matching a lower quote.

I account for likely cost changes or unexpected work in my estimate.

Tracking job costs

I track actual labor and job costs while the work is happening.

I compare actual labor hours with the hours I estimated.

I keep material purchases and receipts organized by job.

I document extra work and confirm how scope changes affect the price.

I compare estimated costs with actual costs when a job is finished.

Getting paid and protecting cash

I set clear payment terms before the job starts.

I invoice promptly when a deposit or progress payment is due.

I follow up on overdue invoices and track expected payment dates.

I check upcoming payroll and bills against available cash and expected collections.

I review cash flow regularly, especially when projects or payments are delayed.

Your combined review

Your next area to review

Estimated job profit$0.00

Profit after tested discount$0.00

Cash after listed items$0.00

What your numbers suggest

Your suggested next steps

These results are estimates based on the information entered and the practices you checked. They are not a guarantee of profitability or a substitute for reviewing your accounting records.

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The Contractor’s Job Profit Check

1. Check your job price

What price would meet your target margin?

2. Before you lower your price

3. Will you have enough cash while you wait to get paid?

4. Check your job management habits