WATERPROOFING ยท JOB COSTING SOFTWARE

CONTROLQORE FOR WATERPROOFING CONTRACTORS.

Generic accounting software can't read cost per square foot by system type, carry a warranty reserve on a job that will be judged a decade from now, or bill a witnessed water test as its own milestone. ControlQore can.

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ControlQore for waterproofing contractors uses cost codes by system type, meaning below grade membrane, plaza deck, air and vapor barrier, traffic coating, and joint sealant, so actual cost per square foot is compared to the estimated rate weekly by system rather than blended across all five. Detail work at terminations, penetrations, and transitions carries its own cost codes, because that's where the failures live. A warranty reserve is accrued on every job at booking from tracked callback history by system. Water testing and stage documentation are billed as their own milestones. The WIP schedule is produced monthly from cost-to-cost percentage complete.

The difference isn't the report list. It's when you find out, and in this trade there are two answers to that. The first is production: cost codes built by system turn the same hours into a cost per square foot you can read in week two against the rate you bid, by system, so a plaza deck running hot isn't hidden inside a good month of below grade work. The second is liability. Waterproofing contractors at $1M to $5M run 26 percent gross and 7.5 percent net before taxes on the SPM 48-trade benchmark, the strongest floor among the served trades, against CFOS targets at that band of 27 percent gross and 11 percent net. That gross is the premium for holding a tail the industry spends $8 billion a year cleaning up. The operators who keep the net are the ones who reserved for it.

BY JOSH LUEBKERPublished 2026-08-08Updated 2026-08-08
WHAT IT SEES

THE NUMBERS GENERIC SOFTWARE MISSES.

By System
Cost Codes for Waterproofing Systems
Weekly
Cost Per SF by System vs. Estimate
Per Job
Warranty Reserve Accrued at Booking
Monthly
WIP Schedule From Actual Data
THE DEFINITION

WHAT IT IS.

ControlQore is a job costing and WIP platform for contractors that tracks cost by job and cost code, so a waterproofing subcontractor can read actual cost per square foot by system type against the estimated rate every week while the membrane is still exposed.

Waterproofing is two products sold as one. The membrane is the first half and the record is the second, because buried work gets judged years later by whatever paper exists. Latent defect exposure commonly runs 10 years, and remediation runs $50 to $200 per square foot, with below grade repairs requiring excavation frequently exceeding $150 per square foot. Photo documented installation, written substrate acceptance, and witnessed water tests are the only testimony the membrane will ever give.

WHAT YOU ARE DEALING WITH

WHERE IT GOES WRONG.

01

No Cost Per SF Visibility by System

QuickBooks job tracking shows total labor cost by job. Below grade membrane, plaza deck, air and vapor barrier, traffic coating, and joint sealant all post into that one total, and the five run on entirely different production math and different crew skills. ControlQore reports actual cost per square foot by system against the estimated rate weekly, so the system that's running hot is identified in week two instead of at closeout, when the membrane is already buried and the crew is on the next building.

02

Detail Work Priced at the Field Rate

Terminations, penetrations, and transitions are where the failures live and where the hours go, and they run nothing like open field membrane. When detail work has no cost code of its own, its hours get charged against the field square footage, the field rate reads worse than the production was, and the next estimate gets calibrated against a blended number that describes neither. Detail belongs on its own code so both rates are readable.

03

Warranty Crew Hours With Nothing Accrued

Waterproofing warranties commit future crew hours against revenue recognized years earlier. A callback on a system installed in year one gets worked in year six, and without a reserve accrued per job it's taken out of the current year's margin instead of the job that sold it. The trade's strong net exists because disciplined operators reserve for the tail they sold. Unreserved, a company re-earns its old jobs every spring.

04

Water Testing Absorbed Instead of Billed

Flood tests, spray and dam tests on plazas and balconies, and integrity testing gate acceptance on a well run job. When testing has no cost code and no line on the schedule of values, the hours get spent, the milestone gets no billing, and the acceptance moment stays an opinion rather than a record. Testing billed as its own line, witnessed and documented, gets paid for in the month it happens and answers the question the claim will ask in year nine.

05

Overhead Carried Without a Recovery Rate

Certified applicator programs, manufacturer training hours, testing equipment, and estimating load on detail dense scopes push waterproofing overhead to 17 percent at $1M to $5M on the SPM benchmark, second highest among the served trades. The strong gross funds that building, but only if the recovery rate is in every bid. When overhead is a number someone set years ago, the heaviest building in the envelope family gets recovered by accident.

HOW SPM SETS IT UP

WHAT WE BUILD.

Cost Codes by Waterproofing System in ControlQore

SPM builds ControlQore cost codes for waterproofing clients by system: below grade membrane, plaza deck, air and vapor barrier, traffic coating, and joint sealant, with detail work at terminations, penetrations, and transitions carried separately. Each code points at the corresponding line in the estimate, so labor, material, and equipment post where the bid put them. Actual cost per square foot by system is compared to the estimated rate weekly, and variance over 10% for two consecutive weeks triggers a review while the job is still open.

Warranty Reserve Accrued at Booking, Sized by System

A warranty reserve is accrued on every job at booking, sized from tracked callback history by system type rather than a flat percentage across the board. Because callback history is kept by system, the reserve on a plaza deck isn't the reserve on a joint sealant scope. A callback in year six hits the accrual it was sold with, which is what keeps the current year's margin intact and what makes the trade's net survive its own liability tail.

Testing and Documentation as Cost Codes and SOV Lines

Stage photos, written substrate acceptance, manufacturer spec compliance records, witnessed water tests, and burial turnover documentation each get a cost code, and testing gets its own line on the schedule of values so it's billed at occurrence. Two things come out of that. The hours are paid for in the month they're spent, and the job carries a year zero record that answers the terminations, counterflashing, and sealant thickness questions a forensic review will open a decade later.

Protection Scope Billed and the Turnover Documented

Waterproofing installs early and then gets backfilled, covered, and trafficked by everyone who follows. Backfill crushes board, rebar punctures membrane, and pavers get set on plaza decks. SPM carries protection scope as its own billable cost code and its own SOV line, with photos at burial and a signed protection handoff, so a later leak has a documented timeline instead of defaulting to installer failure.

Monthly WIP and a Quarterly Overhead Recovery Review

The WIP schedule is produced monthly from cost-to-cost percentage complete by job, with underbilled positions, meaning work performed but not yet billed, triggering a corrected pay application, and overbilled positions flagged where billing has outrun the work. The overhead recovery rate is reviewed quarterly against what the company spends on certifications, training, and testing equipment, so the 17 percent building gets recovered in the bid rather than out of the gross.

$10.7M+
Client AR Recovered Since 2023
48
Active Trade Specializations
60 DAYS
Average Onboarding Time
PRICING

FLAT MONTHLY FEE. NO SOFTWARE INVOICE.

Three tiers, priced by your trailing twelve month revenue. ControlQore comes with Strategic, and it never appears as its own line item on an SPM invoice. Which tier you're in depends on how much of the work you want off your desk.

Pricing

Last 12 months revenueMonthly fee
Up to $1M$1,900 to $2,900
$1M to $3.5M$2,600 to $3,900
$3.5M to $6.5M$3,800 to $5,700
$6.5M to $9.5M$5,100 to $7,100
$9.5M to $12.5M$6,100 to $8,500
$12.5M to $15.5M$7,400 to $11,000
$15.5M to $18.5M$9,400 to $13,500
$18.5M+Quoted individually

Range reflects the three tiers below. Which one you're in depends on how much of the work you want off your desk. No payroll. No hidden line items.

Core

You stop guessing.

You get the CFO work. Job costing built against the way you estimate, a 13 week cash forecast, monthly WIP, and a meeting every month that ends in decisions rather than a report.

Your bookkeeper keeps doing the books.

Executive

You stop touching the books.

Everything in Core, and we run the bookkeeping and the controllership as well. Nobody in your office is answering coding questions or chasing a reconciliation at month end.

We do the books. No payroll.

Strategic

Every job shows its margin while it's still running.

Everything in Executive, plus the job costing and WIP platform set up, loaded with your cost codes, and managed for you every month. You never have to learn it.

We do the job costing.

COMMON QUESTIONS

FREQUENTLY ASKED.

SPM builds system-level cost codes in ControlQore: below grade membrane, plaza deck, air and vapor barrier, traffic coating, and joint sealant, plus separate codes for detail work. Crews post hours and material to the system they worked. ControlQore burdens the hours and divides by the square footage installed in that period, and the result is compared weekly to the estimated rate for that system. You read the variance in week two rather than after the membrane is buried.
Accrue a reserve on every job at booking, sized from tracked callback history by system type. Warranty crew hours get worked years after the revenue was recognized, and latent defect exposure commonly runs 10 years, so a callback with no reserve behind it's a raid on the current year. ControlQore carries the accrual against the job that sold it, and the callback history that sizes it gets kept by system rather than as one company-wide guess.
Yes. Stage photos, substrate acceptance, spec compliance records, witnessed flood and spray tests, and burial turnover records each get their own cost code, and testing gets its own line on the schedule of values. The hours get billed at occurrence instead of being absorbed into the installed rate, and the job ends up with a year zero record. On buried work that record is the longest lived asset the company owns.
Certified applicator programs, manufacturer training, inspection and testing equipment, and estimating load on detail dense scopes are the cost of being allowed to sell the warranty. On the SPM benchmark that runs 17 percent at $1M to $5M, and the trade's 26 percent gross is what funds it. ControlQore reports overhead against revenue monthly, and SPM reviews the recovery rate in the bid quarterly, so it's priced in rather than absorbed.
Three tiers, and which one you are in depends on how much of the work you want off your desk. Core is where you stop guessing: 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. Executive is where you stop touching the books, because we run the bookkeeping and the controllership as well. Strategic is where every job shows its margin while it is still running, because the job costing and WIP platform is set up and managed for you. No payroll. No scope gaps.
WHAT THIS TIES INTO
Josh Luebker, The Construction CFO
Josh Luebker
FRACTIONAL CFO · THE CONSTRUCTION CFO

Former commercial construction project manager and master electrician. Managed 150+ projects worth more than $2.1B combined, with individual jobs from $50,000 to $300M, including data centers, military bases, hospitals, and high-rises. Now fractional CFO for commercial subcontractors doing $1M to $12M through Sulphur Prairie Management.About Josh  | LinkedIn

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