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Track 02 · 5 lessons

Job cost & forecasting

Know where a job is going before it gets there: cost codes, commitments, labor burden, cost-to-complete, estimate at completion and fade.

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Lessons

  1. Lesson 1 · doneCost codes: giving every dollar an address Cost codes give every dollar of job cost an address. Learn how to structure them so budgets, actuals and forecasts line up.Do it: template
  2. Lesson 2 · doneCommitments: cost you already owe Subcontracts and purchase orders are cost before the invoice arrives. Open commitments, buyout and the three-way match.Do it: template
  3. Lesson 3 · doneLabor burden: the real hourly cost The wage is not the cost. Payroll taxes, workers' comp, insurance, benefits and paid time off turn a base wage into a burdened rate.Do it: calculator
  4. Lesson 4 · doneCost-to-complete and EAC Estimate at completion is cost to date plus an honest cost-to-complete. Why "budget minus spent" is not a forecast.Do it: calculator
  5. Lesson 5 · doneMargin fade Fade is the drop from bid margin to projected margin. Why it shows up late and how to catch it while you can still act.Do it: calculator

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os.construction · LearnTrack 02

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completed Job cost & forecasting in Construction finance, from field to ledger.

  • Cost codes: giving every dollar an address
  • Commitments: cost you already owe
  • Labor burden: the real hourly cost
  • Cost-to-complete and EAC
  • Margin fade

Not yet complete · Self-paced learning record, not an accredited certification.

← Track 01Billing basicsTrack 03 →WIP & revenue
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