Generalist CFO firms serve cannabis, healthcare, restaurants, and construction in the same practice. SPM serves 18 commercial subcontracting trades only. Job costing structure, WIP format, and overhead rate calculation are fundamentally different by trade — a generalist learns your specific patterns on your dime. SPM already knows your trade before day one.

18 COMMERCIAL TRADES ONLY NOT A GENERALIST TRADE-SPECIFIC JOB COSTING WIP BUILT FOR YOUR TRADE $1M–$12M SUBCONTRACTORS CONSTRUCTION CFO 18 COMMERCIAL TRADES ONLY NOT A GENERALIST TRADE-SPECIFIC JOB COSTING WIP BUILT FOR YOUR TRADE $1M–$12M SUBCONTRACTORS CONSTRUCTION CFO
THE CONSTRUCTION CFO Schedule a Free Call
Why Specialization Matters

A Generalist CFO Learns Your Trade On Your Dime.

Some CFO firms serve cannabis companies, restaurants, healthcare practices, and construction subcontractors out of the same practice. That's a business model, not a specialty. Job costing structure, WIP format, and overhead rate calculation are fundamentally different by trade — and someone who built their chops on a restaurant doesn't know how a civil contractor's equipment cost allocation works, or how an electrical sub's T&M change orders should hit the books. SPM serves 18 commercial trades only. We know your trade before the first call.
Published: May 2026 Updated: May 2026
The Generalist Problem

What a Generalist Gets Wrong.

A generalist CFO knows GAAP. They can read a P&L. They've worked across dozens of industries. What they haven't built is a cost structure for a $5M civil contractor, a WIP schedule for a concrete sub billing on milestones, or an overhead rate model for an electrical contractor whose crew size changes job to job. Learning those takes months — at your expense.
01

Job Costing Built for the Wrong Business

A job costing structure built for a software company doesn't work for a concrete contractor. Phase coding, labor allocation, equipment burden, subcontractor cost layers — these require construction-specific configuration. A generalist adapts a template. SPM deploys a structure built for your trade from day one.

02

WIP That Doesn't Match Your Trade

A civil contractor's WIP looks different from a drywall contractor's WIP. Percentage-of-completion billing, unit price reconciliation, retainage schedules — these aren't interchangeable. A generalist applies a standard template. SPM formats WIP to match how your specific trade bills and gets paid.

03

Overhead Rate That Misses Field Reality

Overhead rate calculation varies by trade — a framing sub's crew-dependent overhead structure is different from an electrical sub's. Applying the wrong model means pricing every job with a built-in error. That error compounds across every bid you win. At $5M revenue, a 3-point overhead miss is $150K of profit priced away before the first crew shows up.

Side by Side

Generalist vs. Trade-Specific.

This isn't a knock on general business CFOs. The problems a $5M civil contractor faces are not the problems a $5M cannabis operation faces — and the expertise required to solve them is not portable between industries.
AreaGeneralist CFO FirmSPM / The Construction CFO
Industries servedCannabis, healthcare, restaurants, ecommerce, construction18 commercial subcontracting trades only
Job costing setupAdapted from a general-purpose templateBuilt to match your estimate structure, phase by phase
WIP formatStandard percentage-of-completion templateTrade-specific — civil, electrical, and concrete each formatted differently
Overhead rateStandard SG&A % approachCalculated at trade-specific cost driver level
Change order knowledgeGeneral contract awarenessT&M, unit price, GMP, lump sum — matched to your contract type
Benchmark dataCross-industry general dataTrade-specific across 7 revenue bands, $1M–$500M+
Learning curveYou fund the educationWe already know your trade before day one
Who SPM Serves

18 Trades. Commercial Only. That's It.

SPM's 18 perfect-fit trades are commercial subcontractors only — no residential, no GCs with single-customer dependency, no companies under $1M. The constraint is intentional. Depth over breadth. Every trade below links to its dedicated CFO services page.
Civil/cfo-for-civil-contractors Concrete/cfo-for-concrete-contractors Electrical/cfo-for-electrical-contractors SWPPP / Erosion/cfo-for-swppp-contractors Underground Utility/cfo-for-underground-utility-contractors Sitework/cfo-for-sitework-contractors Grading/cfo-for-grading-contractors Masonry/cfo-for-masonry-contractors Framing/cfo-for-framing-contractors Drywall/cfo-for-drywall-contractors Insulation/cfo-for-insulation-contractors Excavation/cfo-for-excavation-contractors Demolition/cfo-for-demolition-contractors Paving/cfo-for-paving-contractors Structural Steel/cfo-for-steel-structural-contractors Waterproofing/cfo-for-waterproofing-contractors EIFS / Stucco/cfo-for-waterproofing-contractors Fire Protection/cfo-for-fire-protection-contractors
What It Looks Like in Practice

Same Question. Different Answer by Trade.

"How should I structure my job costs?" is not a universal question. The answer for a civil contractor running unit price equipment work is completely different from the answer for an electrical contractor billing T&M on service work. SPM gives the right answer for your trade — not the generic one.

Civil — Equipment Cost Allocation

Civil contractors carry owned equipment that has to be allocated to jobs at a realistic internal rate. Price it too low and equipment costs eat margin silently. Price it too high and you lose bids. SPM builds the equipment burden schedule and allocates it to jobs so the P&L actually reflects what a job cost.

Electrical — T&M Underbilling and Change Orders

Electrical contractors on T&M work routinely underbill because change orders get logged at job closeout instead of within 48–72 hours of verbal direction. SPM builds the process and the documentation cadence so no approved work ships without billing behind it.

Concrete — Labor Variance by Phase

Concrete work is labor-intensive and phase-dependent. A pour that runs 20% over on labor in phase one bleeds through the entire job if nobody catches it. SPM builds phase-level labor variance reporting so you see the problem while you can still respond to it.

SWPPP / Erosion — Mobilization and Demobilization Cash Flow

SWPPP and erosion contractors mobilize and demobilize frequently on short-cycle jobs. The cash flow gap between mobilization cost and first pay app approval is where this trade gets into trouble. SPM builds the cash flow forecast that shows that gap before it becomes a problem.

What It Costs

Simple Pricing. No Scope Gaps.

SPM has two service tiers, both priced by your trailing twelve-month revenue. No hourly billing, no surprise add-ons, no scope gaps between what's included and what gets billed separately. Everything is done for you.
Core Financial
From $1,900/mo
Under $1M revenue
  • ControlQore setup and management
  • Job costing aligned to your estimates
  • Full-service bookkeeping
  • Bank reconciliations
  • No payroll · No scope gaps
Executive Financial
From $2,900/mo
Under $1M revenue
  • Everything in Core Financial
  • Monthly CFO advisory meetings
  • Controllership and strategic accountability
  • Actionable to-dos every month
  • No payroll · No scope gaps

Pricing scales with revenue. $1M–$3M, $4M–$6M, $7M–$9M, $10M–$12M tiers available. $13M+ quoted. Schedule a call for exact pricing →

Frequently Asked Questions

Common Questions.

Job costing structure, WIP format, and overhead rate calculation are fundamentally different by trade. A civil contractor's equipment cost allocation problem is not the same as an electrical contractor's T&M underbilling problem. A generalist CFO learns your trade's specific financial patterns on your dime — at $3,000–$8,000/month, that's an expensive education you're funding.

A general business CFO understands GAAP, financial statements, and cash flow modeling. A construction CFO understands all of that plus: WIP accounting, percentage-of-completion revenue recognition, job cost structure aligned to field estimates, retainage tracking, pay-when-paid cash flow, change order documentation, and trade-specific margin benchmarks. The construction-specific layer is where the real work happens — and where generalists consistently fall short.

SPM's 18 confirmed perfect-fit trades are civil, concrete, electrical (commercial new construction only), SWPPP/erosion, underground utility, sitework, grading, masonry, framing, drywall, insulation, excavation, demolition, paving, structural steel, waterproofing, EIFS/stucco, and fire protection. If you're outside these trades, SPM is likely not the right fit — and we'll tell you that directly rather than take your money and learn on the job.

Core Financial includes ControlQore setup, job costing aligned to your estimates, full-service bookkeeping, and bank reconciliations. Executive Financial adds monthly CFO advisory meetings, controllership, and strategic accountability. No payroll. No scope gaps.

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 strategic accountability meetings so problems get fixed — not just documented.

Josh Luebker — Fractional CFO, The Construction CFO
Josh Luebker
Fractional CFO · The Construction CFO

Former commercial construction project manager and master electrician. Managed 150+ projects totaling $300M+ including Google data centers, military bases, hospitals, and high-rises. Now fractional CFO for commercial subcontractors doing $1M–$12M through Sulphur Prairie Management. About Josh →  |  LinkedIn →

Related Resources
Financial Diagnosis
Revenue Up, Profit Down
The overhead rate and job cost visibility problems behind shrinking margins
Reference
Financial Questions Answered
Every common financial question a subcontractor asks, answered directly
Benchmark Data
Overhead Rates by Trade
What normal overhead looks like at every revenue level, by trade
CFO Services
CFO for Civil Contractors
Equipment allocation, unit price job costing, cash flow for civil
CFO Services
CFO for Electrical Contractors
T&M billing, change order tracking, retainage management for electrical
CFO Services
CFO for Concrete Contractors
Labor variance, phase cost tracking, and WIP for concrete subs

STOP PAYING A GENERALIST
TO LEARN YOUR TRADE.

SPM already knows your trade. We start building — not learning — on day one.

Schedule a Free Call →
THE CONSTRUCTION CFO
Overhead Index Gross Margin Index Financial Q&A Schedule a Call Josh@ConstructionCFO.net
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