JobFigure

Job costing for electrical contractors

Electrical work is labour-heavy, and it happens in phases. The risk is that rough-in quietly uses up hours that were meant for trim, and nobody notices until the last week. JobFigure puts crew hours on the job as they happen, so you can check labour at the end of each phase.

What electrical contractors track in JobFigure

Set up for electrical from the first day

When you pick Electrical as your trade, JobFigure 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 electrical actually bid in: metres (m), each (EA), and lump sum (LS).

Example: what a electrical job looks like mid-way

Rough-in is complete and trim-out starts next week. Fixtures haven’t been bought yet.

Office renovation: contract $122,100
Cost categoryBudgetSpent so far
Materials$26,400$24,420
Labour$49,500$35,640
Fixtures$18,150$0
Equipment Rental$2,480$1,480
Permits$1,320$1,320
Other$1,980$820
Total$99,830$63,680

Labour is 72% spent at the end of rough-in. If you planned rough-in at about 60% of your labour, trim starts 12 points behind. Now is the time to plan the crew for trim, or find the variation that explains the extra hours.

Invoices the New Zealand way

Set your company to New Zealand and every progress invoice is a GST tax invoice with retentions. Tick one box to make it a payment claim under the Construction Contracts Act 2002, with the statement, work period and due date it needs. Prices are in New Zealand dollars. More in our guide: Payment claims under the Construction Contracts Act 2002.