What construction companies need from a CFO
- Job costing that matches reality. Labor, materials and equipment tracked by job, so you know which jobs and estimators make money.
- WIP schedules. A work-in-progress schedule shows over- and under-billing and is what your surety and bank want to see.
- Bonding capacity. Sureties underwrite on your financial statements. Clean, timely statements can raise your bonding limit.
- Cash timing. Retainage, slow-paying general contractors and upfront material costs squeeze cash even on profitable jobs.
- Pricing and bidding. Knowing your real overhead rate keeps you from winning jobs that lose money.
Questions to ask a CFO candidate
- Have you built WIP schedules and worked with sureties?
- Which construction accounting systems have you used?
- Have you worked with general contractors, subcontractors, or residential service companies? The finance problems differ.
Houston fractional CFOs for construction and trades
Laverton Advisory
Derek Hammock, CPA
Houston
Fractional CFO for owner-operators doing $2M to $15M, built by a Big Four-trained CPA.
Engagements listed from $6,000/month
The Energy CFO
Paula Waggoner-Aguilar, CPA
Houston (headquartered in San Antonio)
Fractional CFO, outsourced FP&A and board advisory for oil and gas, oilfield products, energy service, midstream, LNG and renewable energy companies.
Houston (serves clients nationwide)
Bookkeeping, contract reporting, tax strategy, and CFO support for commercial specialty subcontractors and residential service, replacement, and remodeling businesses.
"Not yet verified" profiles were built from each firm's own website. FractPros has not yet confirmed experience, credentials or availability with the firm. A profile shows Verified only after the CFO claims it and passes our review. See all Houston profiles.