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TRADE SERVICE · ELECTRICAL & TECH CLUSTER

FRACTIONAL CFO FOR TELECOM CONTRACTORS.

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We manage the finance side for telecom subcontractors doing $1M to $12M. You get job costing aligned to the way you estimate, a 13 week cash flow forecast, monthly WIP, and a CFO in the room every month. Pricing starts at $1,900 per month.

Telecom has many small crews on many small tickets, so one number decides the company: billable hours per crew-day. Travel time, staging, badging, escorts and access failures cut that number and never look like a loss on a job. So we track utilization per crew per week. Carrier and enterprise master service agreements pay per ticket against closeout documentation. A hundred unbilled tickets are far easier to miss than one big invoice, so we close tickets daily with photos, sign-offs and packages. Then we split the maintenance book from the project book. One pays small and reliably, the other pays big and slow, and a single P&L over both prices each one wrong.

BY JOSH LUEBKERPublished 2026-08-06Updated 2026-11-02
WHERE TELECOM LOSES MONEY

THE THREE THINGS THAT DRAIN THE CASH.

LEAK 01

The Windshield Tax

Many crews, many tickets, and one number decides everything: billable hours per crew-day. Travel time, staging and access failures cut it. You won't see it until you track utilization per crew, per week.

LEAK 02

The Hundred Small Receivables

Carrier MSAs pay per ticket against closeout documentation. A hundred unbilled tickets are easier to miss than one big invoice. Close tickets daily (photos, sign-offs, packages). That's how you collect.

LEAK 03

The Blended Book

Maintenance pays small and steady. Projects pay big and slow. One P&L over both won't show which side pays for which, and you price both wrong until you split them.

THE MATH

FROM 7% TO 10.5% NET.

At $1M to $5M, the average telecom sub earns 22% gross margin and spends 15% of revenue on overhead. What's left is 7% net profit before taxes (Run On CFOS Trade Benchmark Reference). The CFOS target is 10.5% before taxes. That is the telecom average plus 3.5 points, and never below 10%. The book CONTROL's 12% is the rule of thumb across trades. It is not the industry average.

Two changes get you to the target. Overhead comes down 1 point to 14%, and gross margin comes up 2.5 points to 24.5%, so 24.5 minus 14 leaves 10.5. The gross margin points come from the three problems above, once you price them and bill for them. On a $3M year, every point is $30,000.

HOW SPM FIXES IT

WHAT WE CHANGE.

These are the telecom problems we put a number on first. Each one gets its own cost code, its own line on the schedule of values or its own line in the 13 week cash forecast, so you can read it in the monthly meeting while the job is still open.

GAP CALCULATOR

THE TELECOM GAP CALCULATOR. AVERAGE AGAINST TARGET, IN DOLLARS.

Put in your annual revenue. You get gross margin, overhead and net profit for telecom contractors your size: the industry average and the CFOS target, in dollars a year. Nothing you type leaves this page.

Another trade too? The gap calculator for every trade.

Your figures show here once you put in your revenue.

Book a 20 minute call

Why aim for the target. An average is the middle of the pack: about half of companies do worse. And about 6 in 10 construction businesses close within 10 years (U.S. Bureau of Labor Statistics: about 40 percent of construction businesses opened in 2013 were still open in 2023). So the business in the middle is one of the ones that close. On those numbers, average is a business that closes within 10 years. That is why the CFOS target is a requirement.

Want your own numbers against these? The Financial Health Snapshot builds a CEO Report from your last 12 months and sets every figure against your trade.

PRICING

YOU PAY ONE FLAT MONTHLY FEE.

The fee is set by your trailing 12 month revenue. We don't bill by the hour and we don't do payroll. The one-time onboarding fee is in the table too.

Type a number and your band and its prices show here. The full table is below.

Built for subs doing $1M to $12M. Above $12.5M we quote.

Last 12 months revenueCoreStrategicPlatinumOne-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 $12.5MQuotedQuotedQuotedQuoted

The onboarding fee covers migrating your books back to the start of your last taxable year and getting you fully operational in 60 days. It's billed once, with your first invoice. It's the same for all three tiers, and it moves with your revenue band. Your first month is prorated, and your monthly engagement starts on the first of the first full month.

Just want the setup? Onboarding only is the same onboarding work with no monthly service after it, one time, at the onboarding fee plus $2,000. Start a monthly engagement later and $2,000 counts toward it. It starts at $4,500, and the price for every band is on the pricing page.

The three tier columns are the whole price. Which one fits depends on how much of the work you want off your desk. No payroll. No hidden line items. The onboarding fee is right here in the table.

  • Online software only: QuickBooks, Sage, Viewpoint and similar. No VPN or hosted desktop.
  • Not in any tier: payroll, pay applications, collections on receivables.
  • Pricing valid through 2027.

What Core, Strategic and Platinum each include is on the pricing page.

COMMON QUESTIONS

FREQUENTLY ASKED.

Telecom contractors at $1M to $5M net 7 percent on average, rising to 13 percent by $25M to $50M; the CFOS net profit target is 10.5 percent before taxes at $1M to $5M, the trade average plus 3.5 points. In a multi-crew dispatch business the missing points are almost always in utilization. Billable hours per crew-day get lost to windshield time, staging and sites that weren't ready. Every net profit figure here is gross margin minus overhead, stated before taxes, the same basis CFMA reports net income on.

See the full benchmarks for every revenue band on Run On CFOS.

Usually it needs the CFO work, and a full time CFO is more than it needs. At $5M to $10M, telecom subs average 9% net profit before taxes (Run On CFOS Trade Benchmark Reference), and the CFOS target is 12.5%. On $5M of revenue every point is $50,000, so that difference is worth $175,000 a year. A full time CFO costs $150,000 or more in salary alone. SPM's published price for $3.5M to $6.5M is $3,800 a month for Core to $8,300 for Platinum.

Keep a crew-day P&L. Put billable hours against the fully burdened cost of the crew and truck, per crew, per week. Ticket margin rolls up to crew utilization. If you know both numbers, you price work correctly and cut the routes that lose.

Once, from one capture point: the ticket. Field time recorded on the ticket goes into job costing and reconciles to payroll, with prevailing-wage classifications mapped where funded work applies. Check it at the handoff. Every mismatch is either an overpayment or a wage claim. (SPM structures and reconciles this flow; payroll processing itself stays with your payroll provider.)

Because ticket work multiplies the 51-day average wait Billd reported in 2026 across every ticket missing its closeout package. Close tickets daily (photos, sign-offs, documentation), and bill when the documentation is complete. A hundred small unbilled tickets add up to one large receivable.

Yes, as divisions with separate P&Ls. Maintenance MSAs pay small and steady and even out cash. Project installs pay large and slow against completion gates. A blended book won't show which division pays for the other, and you price both wrong.

A bookkeeper records history. Crew-day P&Ls, utilization tracking, daily ticket-close billing and divisional splits are a control system. That's CFO work, and SPM does it for telecom contractors.

Three tiers, and which one you are in depends on how much of the work you want off your desk. On Core we build your plan every month and your team does the work: job costing built against the way you estimate, a 13 week cash forecast, monthly WIP, and a monthly meeting that ends in decisions, while your bookkeeper keeps doing the books. On Strategic we build the plan, track it and adjust it every month: our team does the bookkeeping and the bank reconciliations, and the job costing and WIP software is set up and managed for you, on your own online software or ours. On Platinum we manage the money side for you every week: our team handles your bills and receivables the way an in-house controller would, and you approve every payment. We don't do payroll.

Sixty days. We migrate your books back to the start of your last taxable year and build your job costing structure from scratch, and on Strategic and Platinum we set up the job costing and WIP software too. You're fully up and working in two months. The onboarding fee is one time, the same for every tier, and set by your revenue band.

ControlQore is the job costing and WIP platform we use on the Strategic and Platinum tiers. It's built for contractors, costs less than the older tools, and has AI built in. We set it up and manage it, so you do not have to learn it. Core is the CFO work only, so it does not include the software.

A bookkeeper records what happened. We tell you what it means and what to do about it. We align job costing to your estimates, track WIP monthly, and hold a monthly meeting where you decide what to fix and who fixes it.
$10.7M+
Client AR Recovered Since 2023
48
Active Trade Specializations
60 DAYS
Average Onboarding Time

How telecom CFO firms compare: the telecom firm study, with every score and its source.

OTHER MEP AND SYSTEMS TRADES

Telecom is one of 14 trades in the MEP and systems family on our CFO for subcontractors page. Nearby trades with their own page:

WHAT THIS TIES INTO
Josh Luebker, SPM The Construction CFO
Josh Luebker
FRACTIONAL CFO · SPM THE CONSTRUCTION CFO

Josh Luebker is a master electrician turned construction CFO, president of SPM The Construction CFO and author of CONTROL: C.F.O.S. Construction Financial Operating System.

THE CHEAPER OPTION WORKS AND TAKES LONGER.

If price comes first, plenty of CFOs and bookkeepers can get your construction company results. It often takes the better part of a year.

If you're a trade contractor, a sub or a GC who wins work, keeps the crews busy and still can't figure out where the money goes, we get in the weeds with you. We change the processes that cost you money on every job, build the ones you're missing and give you the formula, so you see results in 60 to 90 days.

Our guarantee holds when you come to every meeting, do the process and keep a strong pipeline of work. We can fix how your work pays. We can't fix having no work.

DO YOU KNOW YOUR TRUE MARGIN ON TELECOM WORK?

Twenty minutes of questions about how you price telecom work, what your jobs come in at once they close, and what keeps coming back to your desk. Nothing gets sold on that call and nothing gets proposed. If Josh can help, you'll set a longer second call.

You don't hire a CFO because it's safe, you do it because the real risk isn't having one.
Book a 20 minute call

20 minutes. No pitch or proposal. Josh asks questions to find out if he can help.

OR START WITH THE WORKBOOKS. NO CALL NEEDED.