Open Job Cost Status Report

Minimum Bottom Line Profit Should Average 9.4%!
For Trades & Subcontractors, at Least 11%
After Income Taxes Are Paid!

The Open Job Cost Status Report identifies a project’s actual costs of construction, amounts borrowed or financed, and any customer payments made to date. The net result is the contractor’s net investment into the respective project.

At all times a contractor should know how much has been spent on a project and its source of funding. To provide this information, a simple report is generated called the Open Job Cost Status Report. Its basic presentation format is like this:

    Job ID      Costs of Construction       Project Notes    Customer Deposits/Payments    Net Amount Funded by Contractor
     171218                 $781,209                    $540,000                       $50,000                                    $191,209
     180113                   516,737                      380,000                         76,205                                        60,532
     180206                   691,319                      510,000                         75,000                                      106,319
      …                        7,893,287                   6,957,600                       289,455                                      646,232
                               $9,882,552                 $8,387,600                     $490,660                                 $1,004,292

This report provides a lot of information to the contractor/owner of a construction business. Let’s explore the valuable information.

Job Cost Status ReportThe report is a simple spreadsheet format that lists each job in the first column.

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