Every receipt, every hour, every mile, every sub bill hits a live cost total. Set the contract price. Watch the profit column update as the job runs. The nasty surprise at the end goes away.
In 5 years of Tampa pool building, I watched crew after crew guess at profit until tax time. Contract was $180k. Spent, probably $130k? Nobody knew until the CPA added it up in February. Meanwhile the PM software they were paying $349 a month for could do resource loading and gantt charts, but could not tell you gross margin on the job you closed yesterday. That is The Bloatware Tax. I built Workhand so contract minus spent shows up on the job header, live.
Every scanned receipt lands on the job. Home Depot, Lowes, pool supply, plumbing. The number rolls up automatically.
Sub invoices attach to the job. Approved and unpaid. Approved and paid. Both roll into the cost.
Time entries times the crew's hourly rate. That is your labor cost. It updates every day the crew works.
Truck miles to the job get costed at the IRS rate. Small line, adds up on a five-month build.
Every job stacked. Best three, worst three, average margin, jobs still open. The number your accountant asks for.
Cost price and margin never show on the customer's estimate or invoice. Employees on Employee role do not see the profit column.
The signed estimate lives on the job. That is the number to beat on the margin side.
Receipts, sub bills, hours, miles. Each one flows in as the crew logs it in the field.
Green means healthy. Yellow means watch. Red means kill it or renegotiate. Same math the office uses on Monday.
Most contractors know the bid margin. Very few know the actual margin until the year-end tax return. Workhand gives you the actual margin while there is still time to change something.
Gunite, tile, plaster, equipment. All in one running cost.
🏗️Multi-phase residential builds with subs on every trade
🔨Kitchen, bath, addition. Materials and labor swing hardest here.
❄️Change-out job with equipment cost, install labor, permits
On a Bayshore Boulevard build in 2024, we were at contract $310k, mid-build, and I could see spent was tracking to $265k in Workhand while my bid had assumed $220k. Materials had jumped. That real-time visibility cost me a phone call to the homeowner about a change-order price bump instead of a $45k surprise at the closing meeting. Every PM tool I priced out at $70 to $100 per user per month could not do that. A margin badge on the job header did.
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