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Profit Recovery Review

WHO IT'S FOR: COMMERCIAL & INDUSTRIAL ELECTRICAL

KNOW WHETHER THE JOB IS MAKING MONEY WHILE YOUR ELECTRICIANS ARE STILL ON IT.

The labour is being spent today. The profit should not be a surprise weeks later.

A busy electrical job can look on track while labour hours, overtime, waiting time and extras are quietly eating the profit you quoted. See what's happening while there's still time to fix it.

BOOK A FREE 20-MINUTE PROFIT FIT CALL See whether PWP fits the way your electrical projects actually run. SEE PROJECTWATCHPRO IN ACTION Walk Through a Live Electrical Project

Job Profit Live

Job 24-1587 | Hospital Electrical Package

Quoted Hours
1,860
Actual Hours
1,432
Hours Used
76.9%
Profit Margin
12.6%
  • True Cost $263,060
  • Charge-Out $300,900
  • Quote $338,740
  • Profit $37,840
  • RT Cost $215,480
  • OT Cost $47,580
Electrician working in a commercial or industrial electrical setting.

Commercial electrical job-profit view comparing quoted hours, actual hours, overtime, true labour cost, charge-out and profit while the job is live. Figures shown are illustrative examples.

What changes for Commercial & Industrial Electrical

  1. 01Turn takeoff labour into field task hours - The labour buried in your estimate becomes hours your foreman can manage.
  2. 02Schedule electricians by task - Put the right people on the actual work with estimated hours.
  3. 03See true labour cost vs charge-out - RT and OT are not the same cost. Every electrician doesn't cost the same.
  4. 04Catch profit problems before closeout - Compare quote, charge-out and actual cost while you can still change the outcome.
  5. 05Close the job and bill faster - Finish strong on-site and turn work into cash sooner.

The bottom line

SEE WHAT 5% IS WORTH TO YOUR COMPANY

CALCULATE MY 5%

It takes 30 seconds

Diagnostic: is this what is happening on your jobs?

A. Does this sound familiar?

  • The job is on schedule, but labour hours are running over the estimate.
  • RT and OT are treated like the same hour until payroll proves otherwise.
  • Crews are scheduled to a job for days or weeks - not by the tasks and hours the estimate allowed.
  • Changes and extras are done in the field before they are priced, tracked and approved.
  • You only find out at month-end whether the job actually made money.

B. This is what it's costing you

  • Example: $1,200,000 electrical project.
  • 3% profit margin = $36,000 profit.
  • 10% labour overrun + OT + untracked extras.

That's $65,000 of profit gone.

C. Why it keeps happening

  • Labour is estimated, not calculated.
  • Actual hours, OT and true labour cost aren't visible during the job.
  • Consumables and small materials are not tracked to the work.
  • Extra work is done before it is priced or recorded.
  • Nobody owns the real numbers until the job is over.

Bottom line: You don't have a profit problem. You have an information lag problem.

D. Profit Defended

Cover of the book Profit Defended, by ProjectWatchPRO

The book that explains why quoted profit disappears inside labour, overtime, waiting, changes and information lag - and how to see the problem before the job is over.

LEARN MORE ->

THE PPS + PWP WAY TO KEEP ELECTRICAL JOB PROFIT UNDER CONTROL

Profit Pulse System builds the engine. ProjectWatchPRO automates the work.

A. How to fix it

  1. Calculate true labour cost - all layers.
  2. Break the job into human-work tasks.
  3. Include labour, materials and third-party costs on the work.
  4. Plan RT and OT before the work starts.
  5. Schedule people by task and estimated man-hours.
  6. Track actual hours and cost by task.
  7. Record extra work before it is done.
  8. Compare quote, charge-out and cost while the job is live.
  9. Close the job and get it billed.

B. How profit stays under control

  1. Build the quote from real cost.
  2. Break the job into tasks.
  3. Schedule people by task & hours.
  4. Track hours and cost as you go.
  5. Capture OT, changes & extras.
  6. Compare cost, charge-out & quote.
  7. Fix problems before it's too late.
  8. Close the job cleanly.
  9. Bill fast and get paid.

C. PWP gives you

  • Live job cost by task and total.
  • RT, OT and cost visibility - in real time.
  • Labour cost with true rates (RT, OT, burden).
  • Compare quote vs charge-out vs true cost.
  • Extra work workflow and change-order support.
  • Accurate job costing and profit visibility.
  • Dashboards that tell you the truth today, not weeks later.

D. What gets better

  • More profit on every job.
  • Fewer overtime surprises.
  • Stronger cash flow.
  • Cleaner change order process.
  • Less stress at month-end.
  • Better schedule reliability.
  • More trust from your team and your customers.

What you actually see

Live job margin, while the job is still running

Where electrical job hours show up in the day-to-day view: quoted margin, margin right now, and the hours behind the number. Representative view.

REAL COMPANIES. REAL RESULTS.

  • Abrasive Blast & Paint (Nisku, AB).
  • Inside the first month using the original profit-control system, approximately $50,000 was added to profit.
  • Monthly gains of roughly $10,000-$50,000 helped revenue grow from about $1.5M to about $7M in roughly 4-5 years, then beyond $10M after a new facility and financing.

Framed as proof of the durability/value of the operating method — not an identical-result guarantee for electrical contractors.

READ THE FULL STORY ->

HOW MUCH LONGER CAN YOU AFFORD TO WAIT?

If you recover just 5% of your monthly revenue, here's what that can look like: $2,000,000/month revenue → $100,000 / month → $1,200,000 a year in profit that stays in your company.

FIND OUT WHERE YOUR ELECTRICAL JOB PROFIT IS LEAKING.

We'll review one of your electrical projects and show you where the quoted profit is being protected - or lost - while the work is still controllable.

BOOK A PROFIT RECOVERY REVIEW

45-60 Minute Session

Questions owners ask

How do electrical contractors track job cost accurately?

Hours are captured against the project and the specific task at true labour cost, with regular time and overtime separated, so the cost report matches what actually happened in the field.

Why does electrical work lose money on long jobs?

Small additions, standby time and overtime accumulate across months. On a lump-sum quote there is nothing to measure them against until the job closes.

Can margin be checked before an electrical job finishes?

Yes. Quoted margin versus current margin is available while the job is live, with the tasks and hours behind the gap.

How are change orders handled on electrical projects?

Extra work is priced and approved while it is live, tracked on its own, and reviewed before the invoice goes out.