Operating Expenses Savannah GA

As we approach the end of this year it is a good time to begin development of your budget for next year. In developing your budget, take time to challenge your operating expenses in Savannah.
Bank of America - Southside
912.651.8260
2112 Bull St.
Savannah, GA
SunTrust Bank
912-231-1369
311 E. Gwinnett Street
Savannah, Ga
Wells Fargo - Berwick
912-495-9044
5708 Ogeechee Rd
Savannah, GA
Wells Fargo - Ogeechee Road
912-651-5911
3500 Ogeechee Rd
Savannah, GA
Wells Fargo - Stephenson Avenue
912-651-5946
6999 Abercorn St
Savannah, GA
Wells Fargo - Bull Street
912-651-0555
136 Bull St
Savannah, GA
SunTrust Bank
912-944-2573
1702 Chatham Parkway
Savannah, GA
Bank of America - Bull Street
912.651.8250
22 Bull St.
Savannah, GA
Bank of America - Medical Arts Savannah
912.691.5045
4849 Paulsen St.
Savannah, GA
Bank of America - Victory Drive
912.353.3940
2153 E. Victory Drive
Savannah, GA

Operating Expenses

Source: CUSTOM HOME Magazine
Publication date: November 1, 2005

By Steve Maltzman, CPA

As we approach the end of this year it is a good time to begin development of your budget for next year. In developing your budget, take time to challenge your operating expenses.

I recommend breaking your operating expenses into four major categories: indirect costs, sales and marketing, finance, and general and administrative expenses. Following are some tips on controlling these expenses:

Indirect construction costs. Indirect costs represent those costs related to construction that cannot be specifically identified with a particular job. Items within the indirect cost category include wages and benefits of your superintendents, estimator, designer, purchasing manager, and laborers, as well as costs of operating construction vehicles, warranties, and small tools purchases.

  • Challenge the use of your laborer. Many custom builders will have a laborer on their jobs performing tasks such as cleanup. Is your laborer doing work for your sub?
  • Consider implementing an inventive compensation program for your superintendent and other field personnel that is tied to productivity. Especially when times are tight you are better off having employees with low base salaries earn additional pay by achieving and exceeding goals and objectives. Make sure the incentive plan you implement is measurable and the activities measured by the plan are under the control of the employee.

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