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.
The report is a simple spreadsheet format that lists each job in the first column.
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