Change Orders Can Make or Break a Job Are Change Orders Helping or Hurting You?
Change orders are often where the real money is made — or lost.
If you’re not tracking them closely, pricing them correctly, and billing them promptly, they can eat your profit alive. Verbal agreements get forgotten. Costs go untracked. Deadlines get extended without compensation.
Every change order should be documented, approved in writing, and priced for both time and materials. No exceptions.
If your process is loose, you’re probably losing money.
Real World Mistake & Lesson:
A homebuilder approved five mid-job upgrades without formal COs. Materials cost more, labor ran long, and the client disputed the final invoice. He ate $12,000 in costs. We helped him build a simple CO workflow — and protect his margin on future jobs.
Pick up your free copy of my new book, “The 7 Minute Conversation-How to Hear the Story Your Small Business Financial Statements Are Telling You-CONTRACTOR EDITION”. Go to www.7MinuteConversationBook.com
Ready to find out where your cash and profits are really going? Book your free 15-minute Profit and Cash Flow Call with me. No pressure. Just real clarity. I’ll help you see where your money’s hiding — and what to do about it. Schedule at www.CashFlowCallWithLarry.com