
Ep. 55 - Fixing Financial Blind Spots in Construction
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Ever wondered why your profitable projects aren't reflected in your bank account? The answer lies in construction financial management, specifically, the disconnect between traditional accounting software and the unique needs of contractors.
In this revealing conversation, Sy Kirby speaks with Caleb Smith, Co-Founder and President of ControlQore, about the financial visibility gap plaguing blue-collar businesses. Caleb, whose team combines construction experience with software expertise, explains how their platform was born from frustration with QuickBooks and the cumbersome patchwork of spreadsheets contractors typically rely on.
"We were hitting this wall of challenge around having visibility and control over our project financials," Smith shares, describing the pain point that drove ControlQore's creation. The solution? A comprehensive financial platform built specifically for contractors that connects every transaction to specific projects and cost codes.
What sets ControlQore apart isn't just the software itself, but their approach to implementation. Unlike other platforms that provide minimal onboarding and then leave users to figure things out, ControlQore's CEO personally oversees customer implementation. This hands-on approach helps contractors overcome the typical hurdles of adopting new technology while running daily operations.
The most compelling takeaway comes when discussing real-time job costing. As Sy points out, knowing you're losing money on manholes at installation #2 rather than #20 can be the difference between salvaging profitability and watching margins disappear. This visibility allows contractors to make corrections while there's still time to impact outcomes.
Whether you're a general contractor managing multiple trades or a specialty subcontractor focused on a specific craft, ControlQore offers adaptability without sacrificing power. The result? Owners report gaining back 20+ hours weekly while increasing net profit, time, and money that can be reinvested in growth or simply enjoying the fruits of your labor.
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