Josh Luebker
Fractional CFO · The Construction CFO
Former commercial construction PM and master electrician. 150+ projects, $300M+ total value. Fractional CFO for commercial subcontractors $1M–$12M. About Josh | LinkedIn
A fractional CFO for a construction subcontractor doing $1M–$12M costs $1,900–$8,500 per month at SPM — depending on revenue band and service tier. No setup fee. No migration surcharge. The pricing scales with your last 12 months of revenue. Here's exactly what's included at every level and how it compares to hiring a bookkeeper or a full-time CFO.
A fractional CFO for a construction subcontractor doing $1M–$12M in revenue costs between $1,900 and $8,500 per month depending on revenue band and service tier. A full-time CFO for a construction company in the same range costs $150,000–$220,000 per year in salary alone, plus benefits, payroll taxes, and overhead. The fractional model delivers the same financial function at 15–30% of the full-time cost — and for most subcontractors in this revenue band, it's the right structure.
Both tiers include ControlQore setup, job costing, full bookkeeping, AR management, ACH vendor payments, bank reconciliations, controllership, and one CFO meeting per month. Executive Financial adds monthly WIP reporting, 13-week cash flow forecasting, the CEO Report dashboard, and two additional CFO advisory meetings per month.
For most construction subcontractors doing $1M–$12M, a full-time CFO is the wrong structure. Here's why: a full-time CFO at this revenue level costs $150K–$220K/year in salary before benefits, payroll taxes, and overhead. That's $15K–$22K/month — 2–4x the cost of the Executive Financial tier. The fractional model delivers the same financial function at a fraction of the cost, with ControlQore and job costing infrastructure included.
SPM clients don't just get financial compliance. They get operational changes that improve margin. Here's what typical first-year outcomes look like across the client base.
Brent Weiler, Civil · $6.7M: $245K in outstanding AR collected in the first week. Line of credit cleared in 60 days. Personal home no longer at risk. Full financial system rebuilt over 90 days.
Erosion Control Client · $5.2M: $24K net profit year 1. $1.2M net profit year 2. Same business. Different financial operating system and overhead rate structure.
Civil Client · $3.4M: Four MCAs at $110K/month combined. Exiting all four by end of 2026. Cash flow stabilized. Debt-free track within 12 months of engagement.
At SPM, fractional CFO services for a construction subcontractor start at $1,900/month for Core Financial and $2,900/month for Executive Financial on revenues under $1M. At $5M–$6M in revenue, Core is $3,800/month and Executive is $5,500/month. At $10M–$12M, Core is $6,100 and Executive is $8,500. There is no setup fee and no migration surcharge. ControlQore is billed separately at approximately $100/month per $1M in revenue.
At SPM, Core Financial includes ControlQore setup and management, job costing aligned to your estimates, full bookkeeping (minimum 30 min/week), AR management, ACH vendor payments, bank reconciliations, controllership, and one CFO meeting per month with Josh. Executive Financial adds monthly WIP reporting, 13-week cash flow forecasting, the CEO Report dashboard, and two additional CFO advisory meetings. No payroll — vetted partners handle that at additional cost.
At $3M in revenue, the Core Financial tier runs $2,600/month. If SPM finds and fixes one overhead rate problem that improves gross margin by 2 points, that's $60,000/year in additional profit — a 192% ROI on the annual fee in year one alone. Most SPM clients at this revenue band see margin improvement, AR reduction, and cash flow stabilization within the first 90 days. The question isn't whether it's worth it — it's whether the fee is the right structure for your situation.
A CPA prepares your tax return and financial statements. An accountant records transactions. SPM does both of those things but also: sets up and runs ControlQore for job costing, produces monthly WIP reports, builds 13-week cash flow forecasts, and meets monthly with you to review what the numbers mean and what to do about them. No SPM client should need to hire a bookkeeper or controller separately — SPM fills all of those roles with no scope gaps.
Schedule a free 30-minute call. We'll walk through your situation and tell you exactly what tier makes sense — no pressure, no pitch.
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