January 6, 2021
Construction Executive published an article by Partner Robert Mercado and Senior Manager Christopher Sisk, about the proper tracking and allocation of indirect costs in construction.
By Robert Mercado, Partner, Assurance Services & Christopher Sisk, Senior Manager, Assurance Services
Excerpt:
Understanding indirect costs and their potential impact is necessary for every contractor, especially those in highly competitive markets. Contractors can decrease margins to “get the bid,” but they have to know the absolute lowest amount they can bid and still make a profit. Understanding a contractor’s true cost, including direct and, just as important, indirect costs, is imperative for success.
