Why Precast Contractors Mix Plant and Field Costs
Precast contractors mix plant and field costs into one number and lose sight of both. Casting happens months before erection, so billing structured around field progress starves the plant, and joint detail changes get installed before they get priced. CONTROL separates plant from field and bills each on its own terms.
The specific ways precast contractors lose cash, pulled straight from what makes this trade different.
Plant vs Field Cost Separation
The plant is a manufacturing business and the field is a construction business. Blending their costs hides which one is making money and which one is bleeding.
Delivery and Erection Billing
Pieces cast in March that erect in June leave a three-month funding hole. Billing casting milestones separately from erection keeps the plant funded by the project.
Joint Detail Change Orders
Revised joint details mean new engineering, new hardware, and new field time. A change order standard prices the revision before the crew installs it.
The CONTROL chapters that solve this for precast contractors specifically.
Why do precast contractors run out of cash between casting and erection?
How should a precast contractor separate plant and field costs?
What profit margin should a precast contractor target?
