“The jobs are profitable and I still worry about payroll on Fridays.”
Construction CFO · $1M to $12M
Construction CFO for subcontractors.
Quick answer
SPM The Construction CFO does fractional construction CFO work for commercial subcontractors doing $1M to $12M. The prices are published and start at $1,900 a month. Onboarding takes 60 days. Josh Luebker, a master electrician, founded it.
Book a 20 minute call 20 minutes. No pitch or proposal.
- Client AR Recovered Since 2023
- $10.7M+
- Active Trade Specializations
- 48
- Average Onboarding Time
- 60 DAYS
Rated 5.0 on Google from 8 reviews.
Three things owners say in the first ten minutes.
“I find out a job lost money 2 months after it finishes, and by then the guys are on the next one.”
“I like my bookkeeper and my CPA but nobody can tell me what to fix before it's too late.”
All three come from estimating.
Most contractors put 10 percent overhead in their bids. Their real overhead is 18 to 28 percent. So every job they win is underpriced before the crew gets there.
That's why the jobs look profitable and you still worry about payroll on Friday. That's why you find out a job lost money after it's over. And your bookkeeper and your CPA can't tell you what to fix, because they only see the numbers after the work is done.
So we start with your estimate. We work out your real overhead rate, your labor rates and your equipment rates, and we match your cost codes to the way you bid.
One concrete contractor doing $4.9 million was netting 3.3 percent. He kept his prices and he kept his crews. On the same revenue, his net profit went from $161,000 to $1,112,000.
The rate is on the page.
You shouldn't have to get on three sales calls to find out who's in your budget. Here's what it costs.
Core
We build your plan every month. Your team does the work.
CFO work. Your own bookkeeper keeps doing the books.
From $1,900 a monthStrategic
We build the plan, track it and adjust it every month.
We only work with trade subcontractors. We know what to look for, and we fix problems while they're still small.
Core, plus bookkeeping and bank reconciliations, plus job costing and WIP software set up and managed for you.
From $3,100 a monthPlatinum
We manage the money side for you, every week.
Strategic, plus a controller who handles payables and receivables the way an in-house controller would.
From $3,300 a monthPricing, every band
| Last 12 months revenue | Core | Strategic | Platinum | One-time onboarding |
|---|---|---|---|---|
| Under $1M | $1,900 | $3,100 | $3,300 | $2,500 |
| $1M to $3.5M | $2,600 | $4,100 | $5,300 | $4,500 |
| $3.5M to $6.5M | $3,800 | $5,900 | $8,300 | $6,000 |
| $6.5M to $9.5M | $5,100 | $7,600 | $11,800 | $7,500 |
| $9.5M to $12.5M | $6,100 | $8,900 | $14,900 | $9,000 |
| Above $12.5M | Quoted | Quoted | Quoted | Quoted |
Book a 20 minute call
Built for subs doing $1M to $12M. Above $12.5M we quote.
20 minutes. 60 days. About 5 hours a month.
- 1
Book a 20 minute call
Josh asks about your business, your jobs and where the cash goes. He won't pitch you and he won't send a proposal.
- 2
Fully onboarded in 60 days
We move your books back to the start of your last tax year. That gives you complete numbers for this year and last year to compare them to.
- 3
About five hours a month of your time
Every monthly meeting ends with a short list of decisions. You don't have to learn accounting.
Three clients, and what changed for them.
We leave out who they are, because every contract has a confidentiality clause. Every number came from the client's own financial statements.
Civil and Excavating, $7.1M
$310KCollected in the First 30 Days$310K Collected in 30 Days and Their House Was Removed from Collateral.
Civil and Excavating, $3.4M
4 to 0Merchant Cash Advances (MCAs)From Four Merchant Cash Advances (MCAs) to Debt Free.
Concrete, $4.1M to $2.8M
10.8% to 22.3%Gross Margin, Twelve MonthsGross Margin Doubled in One Year.
We managed the work before we managed the books.
Most fractional CFOs learned construction from a book. Both of us worked on job sites first. So we build your numbers around the way your jobs get bid and built.
There are two of us, and that's on purpose. Josh Luebker takes every first call and leads every onboarding. Nobody junior works on your file, because nobody junior works here.
Josh Luebker, President.
Josh Luebker managed 150+ projects worth over $2.1B as a project manager and master electrician before he started SPM.
Four things owners ask before the call.
Who is this for, and who is it not for?
Commercial subcontractors doing $1M to $12M a year, in the United States and Canada. Residential contractors are welcome too, but we don't market to them. We don't do payroll, tax returns, audits or bookkeeping by itself. You keep your CPA for taxes and compliance.
What does it cost?
$1,900 to $14,900 a month. Your price depends on your last 12 months of revenue and on which of the three tiers you pick. The whole table is on this page, all 5 revenue bands. Built for subs doing $1M to $12M. Above $12.5M we quote. We don't do payroll. On Strategic and Platinum the job costing software is included in the fee.
How long until it's working?
60 days. In that time we move your books back to the start of your last tax year, so the year you're in is complete. You can read job variance by the second week of live job costing. After that it takes about five hours a month of your time.
Do you replace my CPA?
No. Your CPA still files the return and handles compliance. That goes faster and costs less when the books are already right. We do the work that happens before the return: job costing, WIP, cash forecasting, overhead and the decisions you make from them every month.
Twenty minutes. No pitch or proposal.
Josh asks about your business, your jobs and where the cash goes. He won't sell you anything on this call. If he can't help, he'll tell you who can. If he can, you'll set up a second, longer call to go over how it would work for your business. Come to talk shop! That's it.
You don't hire a CFO because it's safe, you do it because the real risk isn't having one.
You'll be talking directly with Josh Luebker.