THE SINGLE BIGGEST MOVE TO FIX YOUR BANK ACCOUNT IN 60 DAYS.
Part 1 of Never Miss Payroll Without Taking On Debt covers the schedule of values and the pay application. The fastest cash in a construction business is money you've already earned and haven't invoiced. It is published in full, nothing is asked for, and it plays above. The first five sessions fix the five most common financial holes in a subcontracting business. The last one teaches you how to keep a pulse on all five and keep them within spec.
THE SCHEDULE OF VALUES AND THE PAY APPLICATION, FIVE THINGS.
The subject outline, so you can see whether this is the hour you need before you spend it. Each one is worked through on screen with the arithmetic rather than described.
Why the schedule of values decides your cash position for the whole job, and why it's agreed once and then never revisited.
Weighting the early lines: mobilization, submittals, bonds and general conditions are real costs in the first weeks, and a breakdown that spreads them evenly has you funding the front end yourself.
Reading a pay application for what it is, a claim against an agreed breakdown rather than an invoice.
Billing stored materials, which most subcontractors leave blank and finance out of working capital.
The tie-out checks that catch an application before a general contractor rejects it and costs you a month.
THREE CHECKS, THIS WEEK.
You don't need the workbook to do these, and you don't need to finish the session first. Take one job and work through them in order.
Take your largest open job and add the schedule of values to the approved change orders. If that total isn't the contract you're working under, you're billing against a breakdown the general contractor and you no longer agree on, and every application from here compounds it.
On the same job, compare what you've billed to date against what's complete to date. The gap is work you've performed and not claimed, and it's collectable on this month's application rather than next quarter's.
Check whether you're billing stored materials. Most subcontractors leave that column blank, which means the material sitting in the yard was bought with your cash and will be paid for by the general contractor a month after it goes in the ground.
SOV AND PAY APPLICATION TEMPLATE, AND WHAT IT COSTS.
No email required. It's emailed as an attachment rather than posted as a link, so it goes to a real address and nowhere else.
ONE OF 6, IN THIS ORDER.
The first five sessions fix the five most common financial holes in a subcontracting business. The last one teaches you how to keep a pulse on all five and keep them within spec. This is part 1, the job cost structure part. Each one stands on its own, and the order is what makes them compound.
The Single Biggest Move to Fix Your Bank Account in 60 Days
Stop Finding Out You're Short the Monday Before Payroll
Your Equipment's Leaking Money, and It's Not the Maintenance Bill
The 10% Myth That Tanks the Bank Account
Losing Money Before You Even Get to Site
Reading the Red Flags While You Can Still Fix Them
THE SAME SYSTEM, ALL OF IT.
CONTROL: The Construction Financial Operating System is the whole build order these six sessions walk, from job cost structure through to the monthly cadence that keeps it running. This session is the job cost structure part. Every tool used across the series comes with the book: a QR code inside it, a password, and every CONTROL template downloadable at runoncfos.com.
ABOUT THIS SESSION.
