Send us Fan Mail

🔗 LINKS

Visit the episode page for more details and a transcript of the show.

Join the FREE Build a Better 2027 Challenge

Sign up for group coaching to get your Cash Flow MRI

Get Profit First for Commercial Construction--OUT NOW!

Subscribe to get notified as soon as new episodes go live.

ℹ ABOUT THIS EPISODE

When your crew doesn't show up, the financial damage goes far beyond one lost day.

In this episode, Wade Carpenter and Stephen Brown break down the real cost of labor shortages — idle equipment, overtime premiums, schedule slippage, and shrinking profit margins.

You'll learn how to calculate your true daily loss, build a labor contingency into your bids, and protect the cash your business needs to finish the job before the next disruption hits.

⌚️ Key moments in this episode:

• 00:00 Wiring Money Gone Wrong
• 00:39 How Fake Invoices Happen
• 02:06 Phishing and Urgency Traps
• 04:52 Payroll and Check Fraud
• 06:27 Arup Deepfake Wire Scam
• 08:26 Verification Procedures
• 11:07 Cyber Insurance Gaps
• 13:29 Ransomware and Data Value
• 16:02 AI Fraud Gets Smarter
• 18:55 What to Do After Theft
• 21:20 Employee Dishonesty Story
• 23:23 Wrap Up and Next Episode

The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day.

Head to profitfirstconstruction.com/blueprint to download your free copy.

Stop working for free. Let's get you keeping what you've earned.

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Send us Fan Mail

🔗 LINKS

Visit the episode page for more details and a transcript of the show.

Join the FREE Build a Better 2027 Challenge

Sign up for group coaching to get your Cash Flow MRI

Get Profit First for Commercial Construction--OUT NOW!

Subscribe to get notified as soon as new episodes go live.

ℹ ABOUT THIS EPISODE

When your crew doesn't show up, the financial damage goes far beyond one lost day.

In this episode, Wade Carpenter and Stephen Brown break down the real cost of labor shortages — idle equipment, overtime premiums, schedule slippage, and shrinking profit margins.

You'll learn how to calculate your true daily loss, build a labor contingency into your bids, and protect the cash your business needs to finish the job before the next disruption hits.

⌚️ Key moments in this episode:

• 00:00 Monday Crew No Show
• 01:47 Why Delays Snowball
• 02:13 Building a Stable Crew
• 06:26 Labor Shortage Reality
• 07:20 Hidden Costs of Falling Behind
• 10:21 What a Lost Day Costs
• 12:14 Bidding With Contingency
• 14:44 Protect Cash to Finish
• 17:30 Reserve Accounts Profit First
• 21:20 Backup Plans and Homework
• 22:38 Wrap Up and Subscribe

The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day.

Head to profitfirstconstruction.com/blueprint to download your free copy.

Stop working for free. Let's get you keeping what you've earned.

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Send us Fan Mail

🔗 LINKS

Visit the episode page for more details and a transcript of the show.

Join the FREE Build a Better 2027 Challenge

Sign up for group coaching to get your Cash Flow MRI

Get Profit First for Commercial Construction--OUT NOW!

Subscribe to get notified as soon as new episodes go live.

ℹ ABOUT THIS EPISODE

Are your financials telling the bonding company a story you don't even know?

In this episode, Wade Carpenter and Stephen Brown break down exactly how your WIP schedule, over/under billings, stored materials, job losses, and accounting method all shape your bond credit.

Using real contractor scenarios, they show you what underwriters see, and how to take control of your numbers before you send anything out the door.

⌚️ Key moments in this episode:

• 00:00 Bonding Denial Wakeup
• 00:15 Why WIP Matters
• 02:07 WIP Schedule Basics
• 02:43 Simple Job Example
• 03:30 Cash vs Accrual Impact
• 04:41 Overbilling Scenario
• 07:54 Underbilling Reality
• 08:58 Stored Materials Trap
• 10:35 Loss Jobs Must Accrue
• 13:09 Change Orders Timing
• 14:32 Cost Overruns and Swings
• 15:57 Smell Test and Credibility
• 17:40 Manipulation and Mis-Coding
• 20:04 Hidden Payables Surprise
• 23:00 Equipment Depreciation Hit
• 24:02 Checklist Before Submitting
• 24:43 Timely Books Win Bonds
• 27:41 Listener Questions and Wrap

The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day.

Head to profitfirstconstruction.com/blueprint to download your free copy.

Stop working for free. Let's get you keeping what you've earned.

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com