98% of Projects Go Over Budget. Yours Don't Have To.
Construction projects average 20-30% cost overruns, rework eats 5-20% of project cost, and contractors lose 14 hours per worker per week to non-productive tasks. On 3-5% margins, there is zero room for guesswork.
What's Really Costing You
Job costing
20-30% average overruns
The typical construction project runs 20-30% over its original budget, turning profitable bids into breakeven or losing propositions.
Project profitability
3-5% margins
Most contractors operate on 3-5% net margins, meaning a single badly estimated job or untracked cost overrun can wipe out a quarter's profit.
Scheduling
14 hrs/week lost
Construction workers lose an average of 14 hours per week to non-productive tasks like waiting for materials, rework, and miscommunication.
Equipment tracking
5-20% rework costs
Rework accounts for 5-20% of total project cost, driven by errors, miscommunication, and poor quality control on the job site.
From Guesswork to Precision
Before Analytics
Job costing happens after the fact in spreadsheets, if it happens at all. You find out a project lost money weeks after it is finished. Crews idle waiting for materials, and change orders slip through without proper documentation.
After Analytics
Real-time job costing dashboards flag budget variance as it happens, not months later. Material forecasting reduces wait time. Every change order is tracked against the original bid so you always know where a project stands financially.
// JOB COST VARIANCE
12.4% marginBid
$85K
contract
Overruns
$6.5K
-7.6%
Net Margin
12.4%
vs 18% bid
Numbers That Matter
of construction projects experience cost overruns or delays
Source: SmartPM / McKinsey Analysis
per worker per week lost to non-productive tasks
Source: FMI Capital Advisors
of project cost is consumed by avoidable rework
Source: Construction Industry Institute
A Typical Engagement
The Scenario
A contractor doing job costing after project completion with spreadsheets, discovering profit/loss months after the work is done.
Our Approach
Connect project management and accounting data for real-time job cost visibility. Set budget variance alerts that fire when any cost code trends over estimate.
What the Industry Data Shows
- 98% of construction projects experience cost overruns or delays of 20-30%
- Rework from poor data accounts for 5-20% of total project cost
- Companies with consistent data processes keep rework under 5% of budget
Sources: Construction Industry Institute, SmartPM / McKinsey
Calculate Your Project Overrun Cost
Job Costing Accuracy Tool
See how cost overruns impact your bottom line.
Profit Impact
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Frequently Asked Questions
We work with general contractors, specialty trades (HVAC, electrical, plumbing), remodelers, and civil contractors. Our analytics adapt to project-based businesses of any size.
Yes. We connect with platforms like Procore, Buildertrend, CoConstruct, QuickBooks, and Sage to pull in project, financial, and scheduling data automatically.
We analyze your historical job data to show where estimates consistently differ from actuals. Over time, this feedback loop makes every new bid more accurate.
Absolutely. We break down profitability by project type, crew, customer, and even individual cost codes so you can see exactly where you make and lose money.
Stop Guessing. Start Growing.
Every day without data is another day of preventable losses. Let's find out what your data can do for you.