Why Job Costing Is Important

July 11, 2017

Every construction company, regardless of whether they are a general contractor, subcontractor, or something in between, must be able to win and complete jobs efficiently. Business owners and project managers need information to accurately bid and estimate projects, schedule upcoming jobs, and more. And while the job schedule relies on several factors, the most important factor is proper job costing.  Proper job costing leads to better profitability, project estimating, management decisions, and timely financial reporting.

While some project managers rely solely on experience, the most successful project managers know how to best utilize the job schedule.  The job schedule tells the story of construction projects at a point in time by providing a summary of all contracts the company has in process or has completed  on a contract by contract basis. 

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