Federal Construction · FAR Compliance · Davis-Bacon · Certified Payroll — Fractional CFO
Federal Construction · FAR · Davis-Bacon · Certified Payroll · Indirect Cost Rates
CFO for Federal
Construction Contractors.
Financial systems for federal construction subcontractors doing $1M–$12M. FAR compliance, indirect cost allocation, Davis-Bacon, certified payroll — we build financial systems around the specific requirements of federal construction work that most CFO firms avoid entirely.
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SPM vs. Other CFO Firms
Most CFO Firms Serving This Trade
- High revenue minimums — most won't serve under $5M
- Advisory only — no bookkeeping, no implementation
- No job costing setup or ControlQore management
- No monthly WIP as standard deliverable
- No pricing published — discovery call required
- No vetted partner network for bonding, lending, or liens
- No prevailing wage specialty
The Construction CFO — SPM
- Serves $1M–$12M — starts at $1,900/month
- Full implementation — bookkeeping, job costing, CFO advisory
- ControlQore setup and managed for you every month
- Monthly WIP standard in Executive tier
- Full pricing published — no discovery call to find out costs
- Vetted partners for bonding, lending, lien services, payroll
- Prevailing wage and Davis-Bacon specialty
What We See in This Business
01
FAR Indirect Cost Compliance Is Complex and Unforgiving
Federal Acquisition Regulation overhead rate calculations, indirect cost pools, and allowable vs. unallowable cost classifications are complex and the stakes are high. A mistake in your indirect rate structure can trigger a DCAA audit and cost you future federal work.
02
Davis-Bacon on Every Federal Project
Federal construction work carries Davis-Bacon prevailing wage requirements on virtually every contract. Certified payroll, fringe benefit tracking, and apprenticeship ratios add significant administrative burden — and most contractors handle it disconnected from their job costing.
03
Federal Payment Timelines Are Slow
Federal progress payments move at government speed — which is slow. Most federal subcontractors are 60–90 days behind on collections while their costs run on commercial timelines. Without cash flow forecasting built around federal payment cycles, payroll is always at risk.
How SPM Fixes It
FAR-Compliant Cost Structure
We build your chart of accounts and ControlQore job costing to separate direct and indirect costs in a FAR-compliant way so your overhead rate calculations are accurate, defensible, and ready for audit.
Prevailing Wage Integration
Through our vetted payroll partners, certified payroll reporting integrates directly with ControlQore so Davis-Bacon compliance is built into your financial system — not handled in a separate spreadsheet.
Federal Payment Cycle Cash Flow Forecasting
Executive clients get 13-week cash flow forecasting built around the actual payment timelines of federal contracts — so the gap between submission and collection is modeled and funded, not a surprise.
Service Tiers
Tier 01
Core Financial
Starts at $1,900 / month
- ControlQore setup and management
- Job costing aligned to your estimate structure
- Cost-to-complete tracking — updated monthly
- Full-service bookkeeping — minimum 30 min/week
- Vendor payments via ACH (you approve, we initiate)
- Accounts receivable management
- Bank reconciliations and transaction matching
- Controllership
- 1 monthly CFO meeting
- 60-day onboarding — books migrated to last taxable year
Most Popular
Tier 02
Executive Financial
Starts at $2,900 / month
- Everything in Core Financial
- Monthly WIP schedule — delivered every month, standard
- 13-week cash flow forecasting
- CEO Report — monthly financial dashboard
- 3 CFO advisory meetings per month
- Strategic accountability and actionable to-dos
- Direct access to Josh Luebker
Pricing by Revenue
Revenue Range
(Last 12 Months) |
Core Financial
Monthly |
Executive Financial
Monthly |
| Under $1M | $1,900 | $2,900 |
| $1M – $3M | $2,600 | $3,600 |
| $4M – $6M | $3,800 | $5,500 |
| $7M – $9M | $5,100 | $6,900 |
| $10M – $12M | $6,100 | $8,500 |
| $13M+ | Quoted | Quoted |
Vetted Partner Network
National Lien Services
When AR gets too long, we connect you directly to our lien services partner to protect what you've earned.
Additional cost — not included in monthly fee
Payroll Integration Partners
Prevailing wage and regular payroll software partners integrated directly with ControlQore job costing.
Additional cost — not included in monthly fee
Bonding Partners
Surety relationships and bonding capacity support. We prepare the financials — our partners get you bonded.
Additional cost — not included in monthly fee
Lending Partners
Working capital lines and equipment financing through vetted lenders who understand construction.
Additional cost — not included in monthly fee
Reviewed Financials
CPA-level financial statement reviews for banking, bonding, and large contract requirements.
Additional cost — not included in monthly fee
CPA Coordination
We work alongside your existing CPA — not replacing them. Clean books and job costing make tax time easier.
Included — no extra cost
Common Questions
Straight answers.
Does SPM have experience with DCAA audits?
SPM builds FAR-compliant cost structures that are designed to withstand audit scrutiny. Clean separation of direct and indirect costs, proper documentation of allowable vs. unallowable expenses, and accurate overhead rate calculations are all built into how we set up your books and job costing.
What federal contract types does SPM serve?
We serve subcontractors on federal construction projects — DOD, GSA, Army Corps, VA, and other federal agency work. Prime contractors and first-tier subcontractors doing $1M–$12M in federal construction revenue are our target. We serve US contractors only for federal work.
What's included in Core Financial?
ControlQore setup, job costing aligned to your estimates, cost-to-complete tracking, full bookkeeping (minimum 30 min/week), ACH vendor payments (you approve, we initiate), AR management, bank reconciliations, transaction matching, controllership, and 1 monthly CFO meeting. Starts at $1,900/month.
What does Executive Financial add?
Everything in Core plus monthly WIP schedule, 13-week cash flow forecasting, CEO Report, and 3 CFO advisory meetings per month. Starts at $2,900/month. WIP, cash flow forecasting, and the CEO Report are Executive tier only.
Do you handle payroll?
No. We have vetted payroll software partners — including prevailing wage integrations — that connect directly with ControlQore. Those are separate engagements at additional cost.
How long does onboarding take?
60 days. We migrate your books to the start of your last taxable year, set up ControlQore, and build your job costing structure. Fully operational in two months.
What software do clients use?
ControlQore. All SPM clients run on ControlQore for job costing and WIP. We set it up and manage it — you don't have to learn it. Clients switching from QuickBooks, Sage, or other platforms migrate during onboarding.
Do you work alongside our CPA?
Yes. We work alongside your existing CPA — not replacing them. Clean books and accurate job costing make their job easier at tax time.
What happens when we grow past $12M?
We have a clear graduation path. We prepare your financials, systems, and team for the transition and connect you with the right firm for your next stage of growth.