Navigating Financial Challenges in Construction: Expert Consulting Solutions

a toy house, a housekey, and a financial document on a table

At Foundation Accounting & Consulting, we recognize that quoting flat rates—per square foot, per yard of concrete, or per device—without linking those figures to actual costs can quietly erode your margins. When bids rest on loose, market-driven estimates instead of a detailed breakdown of labor, materials, equipment, and overhead, it becomes impossible to distinguish between profitable jobs and money losers. We perform a comprehensive cost analysis to uncover every expense, then apply a standardized, four-step bidding framework that builds bids around entire workflows, tallies phase-by-phase costs, applies the correct markup, and validates per-unit prices against market benchmarks. This disciplined approach enables construction firms to regain control of their profitability from day one.

Common Financial Challenges in Construction

Accurately pricing your work is one of the most challenging financial tasks for construction firms. Too many companies fall into the habit of quoting flat rates—dollars per square foot, per yard of concrete, per device, per linear foot—without ever tying those rates back to their true costs. When bids are not built from actual expenses, you cannot tell which jobs are genuinely profitable, and before you know it, underpriced projects start eating away at your margins.

Rising to the Challenge

To help construction firms meet those challenges, we run a thorough cost analysis that uncovers your true expenses—labor, materials, equipment, overhead, and everything in between. With that clarity in hand, we implement a standardized bidding process that captures every cost and applies the correct markup rather than leaning on loose, market-driven estimates.

How We Can Help

At Foundation Accounting & Consulting, we begin by conducting an in-depth cost analysis to identify every expense. Then we walk you through a clear, four-step bidding framework:

  1. Build bids around entire workflows rather than isolated line items.
  2. Tally costs for each phase of that workflow.
  3. Apply the proper markup to those aggregated costs.
  4. Cross-check your per-unit price against market benchmarks to ensure your bids remain both competitive and profitable.

Conclusion

At Foundation Accounting & Consulting, our goal is to provide construction firms with the financial clarity and control they need to protect their margins on every project. By uncovering actual costs through a rigorous analysis and applying our four-step bidding framework—building bids around complete workflows, tallying phase-by-phase expenses, applying precise markups, and validating against market benchmarks—you gain a repeatable process that keeps your bids both competitive and profitable. With these expert consulting solutions in place, you can move forward confidently on each project, knowing your pricing is grounded in reality and your bottom line is secure.

author avatar
jeremy President / CEO
Jeremy Lott's academic journey at Brigham Young University helped him found a landscaping company in 2006. Though the venture was initially successful, the 2008 market crash ultimately led to a heartbreaking bankruptcy. This pivotal moment spurred Jeremy to take charge of his financial future. Through rigorous self-education and academic pursuit, including an MBA at the University of Utah, he honed his accounting skills and became proficient in tools like QuickBooks. Now armed with expertise and experience, Jeremy helps business leaders in construction and other industries navigate financial uncertainties. His approach blends bookkeeping proficiency with strategic financial guidance, offering a lifeline to those seeking to transcend financial chaos and achieve lasting prosperity.
Share the Post:

Sign up for our Newsletter

[ctct form="854" show_title="false"]