JobMargin

Job costing for steel and welding contractors

Steel jobs spend heavily before anything is erected: material and shop fabrication come first, field labor and the crane come later. JobMargin keeps shop and field costs apart, so front-loaded spending doesn’t look like trouble and real trouble doesn’t hide.

What steel and welding contractors track in JobMargin

Set up for steel from the first day

When you pick Steel & Welding as your trade, JobMargin loads these cost categories for budgets, receipts, and job costs. You can rename or add your own at any time.

Bid line items use the units steel actually bid in: tons (TON), linear feet (LF), each (EA), and lump sum (LS).

Example: what a steel job looks like mid-way

Stairs, rails, lintels, and canopy steel for a five-story building. The stairs are fabricated, and two of five floors of rail are installed.

Miscellaneous metals, mid-rise apartments: contract $228,000
Cost categoryBudgetSpent so far
Steel & Metals$64,000$52,500
Fabrication$48,000$39,800
Labor$52,000$18,200
Crane & Rigging$12,000$6,400
Welding Supplies$6,000$3,300
Freight$5,000$3,900
Other$5,000$1,100
Total$192,000$125,200

Steel and shop fabrication are front-loaded, so 82–83% spent before most of the install is normal. Field labor is 35% spent with two of five floors of rail in, slightly ahead of plan. Crane and rigging at 53% is worth watching, since the canopy steel, which needs the crane most, is still to go.