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  • 23 minutes

Allocating Overhead Costs to Construction Projects - Indirect Costs


Does the cost relate to the performance of a particular job?

Indirect costs do not exist unless there is contract activity. Indirect costs are not directly identified with a specific job. The company develops a plan, the plan is the basis for a budget; the budget identifies direct and indirect costs, and establishes rates; and these rates are consistent between estimating and job cost. Typical indirect costs are the costs compared to overhead. This video discusses examples of indirect costs, and reviews case studies for cost pools.

Runtime: 22 minutes
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Theran J. Welsh, CPA

Theran J. Welsh, CPA

SVA Certified Public Accountants

  • Partner with the SVA Certified Public Accountants group since 2005
  • Sole focus is on helping contractors create shareholder value, understand their cost structure to properly bid and win profitable work and assure their tax structure is a model that supports a sustainable organization
  • Thorough understanding of the contractor client’s acceptance of risk as most contractors do not go out of business on one job, usually it is a combination of trying to do too much with too little resources and being too impatient to take the time upfront in negotiating a contract and reducing risk integral to contract management
  • Experience can help financial executives of companies focused on executing demanding projects, deliver them on time, consistent with the contract they entered into with the customer to achieve a win-win solution for both parties
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