Builders, Budgets, and Beers
The mission of The Builders, Budgets, and Beers Podcast is to make project financials less intimidating for commercial and residential builders. We aim to give builders the confidence to take control of their business' cashflow by bringing on guests, that our listeners can identify with, to share real stories of their financial wins and losses along their journeys as builders.
Builders, Budgets, and Beers
COPE-ing with Overhead and Cost Codes with Michael Anschel
In this episode Michael Anschel, Principal at OA Design+Build +Architecture, discusses the COPE (Cost of Project Execution) method, which helps builders gain better visibility into their overhead and project costs. The guests emphasize the importance of using cost codes, job costing, and understanding the difference between markup and margin to run a more profitable and transparent construction business.
Introduction and Background of Michael Anschel (0:00)
Explanation of the COPE Method (0:15)
Breakdown of the COPE Method (2:14)
Importance of Transparency and Honesty in Pricing (7:15)
Challenges and Benefits of the COPE Method (9:13)
Implementing the COPE Method in Practice (12:02)
Importance of Categorizing Costs and Job Costing (16:02)
Overcoming Resistance to Change in the Industry (20:02)
Achieving Profitability and Work-Life Balance (22:02)
Conclusion and Final Thoughts (24:42)
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
