Reece sits down with Kevin Aycock of Southern Luxury Homes to talk about what it actually takes to get control of the financial side of a construction business. Kevin shares how COVID forced him to rethink estimating, cost-plus construction, preconstruction, and the systems his team used to understand costs before work began.
They break down markup versus margin, tracking overhead, using purchase orders, and why builders need someone helping them review their financials every month. Kevin’s biggest lesson is simple: financial discipline takes work, but putting it off only makes the problem harder.
https://southernluxury.com
https://www.instagram.com/southernluxuryhomes
Show Notes:
00:09 Show Intro
01:05 Meet Kevin
02:51 Knowing Your Numbers
04:47 COVID Changed Costs
08:38 Cost Plus Trust
12:09 Fixing Preconstruction
16:03 Building Better Systems
20:33 Markup Versus Margin
26:32 Understanding Overhead
29:48 Reviewing The Books
33:56 Start Right Now
35:01 Connect With Kevin
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
