PowerTips Unscripted Common Remodeler Mistakes that are Hitting Your Bottom Line with Alan Hanbury – [Best of PowerTips Unscripted]
Dec 4, 2025
In this discussion, Alan Hanbury, a seasoned remodeling expert and former owner of House of Hanbury Builders, shares invaluable insights from his 45-year career. He emphasizes the critical importance of accurate job costing, warning against relying solely on gut feelings. Alan also dives into the challenges of hiring amid labor shortages and the pitfalls of over-relying on referrals for growth. With practical tips for managing costs and understanding margins, he aims to help contractors boost profitability and sustainability in their businesses.
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Run Weekly Accrual Job Costing
- Do implement timely, accrual-based job costing and compare it weekly to your estimates.
- Use those reports to change crews, issue change orders, or stop doing unprofitable jobs.
Record Bills Quickly And Match Estimates
- Do enter bills and committed costs into your system immediately on an accrual basis.
- Match estimate detail to cost-code detail so you can forensically find variances.
Review Payroll And AP Every Friday
- Do run a weekly review (Friday) of payroll and AP to catch variances early.
- Use findings to confirm scopes with subs or reassign crews before small issues become losses.
