Budgeting is critical to your success as a contractor. Budgeting ensures that you can buy the right materials, pay the right people and still make a profit.

1. Budgeting for
Contractors
Top Tips for Project Planning and More
www.cbs-cbs.com/
www.facebook.com/CorporateBusinessSolutions
www.youtube.com/user/cbsadvisers

2. Control Your Costs
In construction, cost control and budgeting can be a
difficult process. Jobs are constantly changing and
estimates are only that-- an estimate of expenses.
Fortunately, there are ways to help control costs
and prepare effective budgets.

3. Cost Controls
Job estimates and cost planning are difficult. A few
minor tweaks could save you more than you realize.

4. Cost Controls
• Renegotiate contracts annually
• Be more precise in job estimates
• Ask customers tips (this helps your budgets and
deepens your relationships simulataneously)
• Streamline your purchasing control system
• Monitor inventory/materials for cost changes

5. Budgeting Tips
 Determine breakeven levels
 Understand how to calculate overhead costs
 Determine labor costs

6. Budgeting Tips
 Employ a variable-based budget
 Determine actual job costs for each order
 Predict cash flow needs with appropriate systems

7. There are more ways to save money and set effective
budgets for your construction business than you
might realize.
Put them to use and watch your profits grow!
www.cbs-cbs.com/
www.facebook.com/CorporateBusinessSolutions
www.youtube.com/user/cbsadvisers