Cash Flow Isn’t Profit: Job-Cost It

Builders, Budgets, and Beers

Builders, Budgets, and Beers
Cash Flow Isn’t Profit: Job-Cost It
Aug 19, 2025
Adaptive

Trent Waldrop shares how confusing cash flow with profit can quietly sink a small builder—and why ruthless job costing is the only way to know if you’re actually making money. He breaks down moving from 75–80% cost capture to billing every line item (even the $25 ones), hitting budgets within ~5%, and choosing the right pricing model so you can net 10–12% (or better) on $200–$400K homes.

https://waldropcompany.com


Show Notes:

0:00 Hitting Budget Within 5% on Every Build
9:17 Building Homes for the Community You Know
13:36 Tracking Costs Like a Hawk on Lower-Margin Projects
18:26 Why We’re Moving Back to Fixed Price
22:33 Competing in a Small Market
26:25 Avoiding “Building for Free” Jobs
31:00 Deposits and Getting Paid Before Dirt Moves
35:17 Customer Satisfaction with Younger Buyers
40:16 Building for the Long Haul: 60+ Year Homes
49:17 Value Engineering That Protects Your Margin

Find Our Hosts:
Reece Barnes
Matt Calvano

Podcast Produced By:
Motif Media

Episode Artwork Cash Flow Isn’t Profit: Job-Cost It 52:09 Episode Artwork You’re Flying Blind in Business (Here’s How to Fix It) 53:21 Episode Artwork From Budget Nightmare to Profit Machine 46:07 Episode Artwork Uncovering Hidden Profits 47:49 Episode Artwork The True Cost of Fixed Fee vs Cost Plus Models 46:48 Episode Artwork How He Built a Construction Empire Overnight 32:11 Episode Artwork How to scale from 15 homes to 150 homes with Thomas Joseph, Joseph Design Build 48:36 Episode Artwork How to Actually Make Money in Construction with Will King 52:19 Episode Artwork From DIY to $3M: What Builders Learn the Hard Way with Garrett Goldsberry 50:40 Episode Artwork When Your Systems Don’t Match Your Strategy with Dirk van der Velde 42:17 Episode Artwork Bringing Commercial Precision to Custom Home Building with Julian Miller 32:57 Episode Artwork The Most Common (and Costly) Mistakes Builders Make with Melissa Leediker 34:57 Episode Artwork How Multi-Entity Builders Stay on Top of Every Dollar with Shayne Glass 48:54 Episode Artwork Rebuilding After Helene with Noi Calhoun 34:16 Episode Artwork Insights From a Top Construction CPA with Dorrie Franzello-Kurtz 49:12 Episode Artwork COPE-ing with Overhead and Cost Codes with Michael Anschel 47:27 Episode Artwork "It Is What It Is" with Ryan Hanson 57:06 Episode Artwork Bonding and Tight Financials for Construction Businesses with Shayne Glass 40:57 Episode Artwork Staying on Top of Construction Financials with Tim Savre 39:30 Episode Artwork The Role and Importance of CFOs with Mark Phillips 40:23 Episode Artwork Streamlining Cash Flow Management with Al Hamed 51:32 Episode Artwork Aligning Back Office and Field for Growth with Tonya Schulte 39:26 Episode Artwork Navigating the Speculative Building Process with Amanda Trevino and Scott Turner 34:55 Episode Artwork Leveraging Technology to Optimize Operations with Dominick Thompson 40:41 Episode Artwork Embracing Technology for Construction Recruiting with Paul Sanneman 36:25