Optimize Cash Flow with Real-Time Cost Tracking in KnowifyOptimize Cash Flow with Real-Time Cost Tracking in Knowify
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We are making money on this project Right? Do you think so? lets have Knowify Dashboard This is the scariest question a construction contractor can ask at the end of a job. Because by then, it’s too late to fix a leak. Look at this practice dashboard snapshot inside Knowify. It tells a brutal but powerful story about an active HVAC modernization project. The Breakdown: Remaining Contract Value (WIP): $89,800.00 Looks good on paper, right? Invoiced so far: $30,200.00 Committed Costs: $63,500.00 The Reality Check: Because we tracked committed costs early, the system immediately flagged a $14,420.00 budget overrun, showing a temporary 100% loss line of -$33,300.00. Why is this a WIN, not a failure? If you only look at your bank account, you might think you are doing fine. But by tracking purchase orders and subcontractor commitments in real time We caught the cost spike WHILE the job is still active. The contractor now has the power to stop, audit the field errors, issue change orders, and protect their remaining gross margins. No bad surprises at the end of the month. #MEPContractors#WorkInProgress #Knowify
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Creatives on Contra have earned over $150M and we are just getting started