CFO Services for Construction Companies
Fractional CFO support built for contractors, builders and trades across Canada. Get the job costing, WIP reporting, holdback tracking, cash flow control and bonding support of a full-time CFO, without the full-time salary. Delivered on a clear monthly engagement by a licensed CPA firm that understands how construction money actually moves.
ACTIVELY ACCEPTING
Construction Clients
Job costing, WIP, holdbacks, cash flow, bonding
Convenient Availability
Weekend and evening support until 9 PM
Construction CFO Specialists
Job profit, WIP, retainage, progress billing
In Construction, the Profit Is on the Job, Not the Bank Balance
A contractor can have cash in the account and still be losing money on the work, because deposits, progress draws and holdbacks all move out of step with the costs. A job that looked profitable at bid can quietly bleed through change orders, underbilling and labour overruns, and you only find out at the end. The numbers are there in every job, but turning them into decisions while the job is still running is where most builders struggle.
We give you a senior financial partner who reads construction the way a project manager reads a schedule: job-by-job profit, work in progress, holdbacks receivable and payable, cash flow against the draw schedule, and bonding capacity. We turn your construction bookkeeping into job-level decisions and pair it with the deep industry knowledge on our construction accounting page, so you know which jobs make money, which are slipping, and whether you can take on the next contract. Fractional CFO support, scaled to your volume, on a clear monthly engagement.
Book Free Consultation
CFO Services for Construction Companies
Job Costing & Profit
Track cost and profit job by job so you know which contracts make money and which are slipping, while you can still act.
WIP & Percentage of Completion
Work-in-progress schedules and over/underbilling tracking so revenue and profit are recognized correctly across every job.
Holdback & Retainage Tracking
Holdbacks receivable and payable tracked accurately so the cash tied up in retainage never gets lost or forgotten.
Cash Flow & Draw Forecasting
Forecast cash against progress draws, payroll and supplier terms so you are never caught short between billings.
Bonding & Financing Support
Surety-ready and lender-ready financials and projections to grow your bonding capacity and fund larger projects.
KPI Dashboards & Reporting
Clear monthly reporting on job margins, WIP, backlog and cash, so you always know where the business stands.
How Our Construction CFO Engagement Works
A clear, structured process that turns your construction numbers into job-level decisions, month after month. AFFORDABLE flat monthly engagement.
Discovery & Financial Review
We start with a free consultation to understand your construction business, then review where you really stand.
- Understand your trade, project types, volume and goals for the year.
- Review your financials, job records and current bookkeeping.
- Map how deposits, draws and holdbacks move on your projects.
- Identify where cash and job-level margin are under pressure today.
- Map the scope so the engagement fits your size and volume.
Set Your Targets and KPIs
We agree the metrics that matter for your work and set realistic targets to manage against.
- Define gross margin targets by job type and the company overall.
- Set WIP, backlog and cash runway benchmarks.
- Choose job-level and company-level reporting views.
- Agree the KPI dashboard you will see each month.
- Tie targets to the decisions they will drive on each job.
Set Up Job Costing and the Foundation
Accurate CFO insight needs accurate job-level books. We make sure the numbers can be trusted.
- Set up or refine job costing so every cost lands on the right job.
- Record holdbacks receivable and payable correctly.
- Confirm bookkeeping, HST and reporting are clean and current.
- Establish the WIP and percentage-of-completion method.
- Run ongoing bookkeeping where you want it bundled in.
Build WIP, Forecasts and Dashboards
We build the forward-looking tools that let you manage jobs and cash in real time.
- Build a WIP schedule showing over- and underbilling by job.
- Create a rolling cash flow forecast tied to the draw schedule.
- Set company and job-level budgets reviewed against actuals.
- Stand up the monthly KPI dashboard for the business.
- Make the numbers readable so you can act on them.
Monthly Reporting and Strategy
Each month we deliver clear reporting and meet to turn it into decisions.
- Deliver job-level and company reporting on the metrics that matter.
- Walk through what the numbers mean in a strategy meeting.
- Flag jobs slipping on margin while there is still time to act.
- Manage billing timing so cash stays ahead of cost.
- Track progress against your targets month over month.
Bonding, Growth & Ongoing Leadership
We act as your on-call financial partner for the decisions that grow the business.
- Prepare surety-ready financials to build bonding capacity.
- Prepare lender-ready numbers to finance equipment or growth.
- Model whether you can take on a larger contract.
- Keep bookkeeping, HST and the corporate return tied together.
- One firm managing the whole construction financial file.
Free Construction CFO Consultation
Pick a Time That Suits You
Case Studies: Construction CFO Work
Illustrative of the outcomes we help contractors reach. These describe the kind of results our CFO work delivers, not a specific client file.
General Contractor, Toronto
A GC was busy and had cash in the bank, but could not say which jobs actually made money. Job costing and a monthly WIP schedule revealed two contracts running well over budget. With the numbers visible early, the owner corrected the labour and change-order process before the losses grew. Get Started →
Job costing live. Losing jobs caught early.Mechanical Contractor, Mississauga
A contractor was chronically short on cash despite a strong backlog, because holdbacks and slow draws tied up working capital. A cash flow forecast tied to the draw schedule and disciplined holdback tracking gave the owner the visibility to manage the gap.
Cash forecast. Holdbacks tracked.Electrical Contractor, Vaughan
An electrical firm wanting larger bonded projects could not produce surety-ready financials. We built clean WIP reporting and the financial package the surety needed, and the company increased its bonding capacity to bid bigger work.
Surety-ready. Bonding capacity grew.Residential Builder, Brampton
A builder was underbilling across several projects without realizing it, financing the owner's work out of pocket. A WIP and billing review surfaced the underbilling, and corrected progress billing pulled cash back into the business.
Underbilling fixed. Cash recovered.The Construction Numbers a CFO Watches
A construction CFO manages the specific metrics that decide whether each job, and the whole company, actually makes money, not generic business numbers.
| Metric | Why It Decides Your Profit |
|---|---|
| Job-level gross margin | Profit on each contract after direct costs. The number that tells you which jobs to chase, which to fix, and which to stop bidding. |
| Work in progress (WIP) | Costs and billings on jobs not yet finished. The schedule that shows whether you are over- or underbilling and where profit really stands. |
| Over/underbilling | Whether you have billed ahead of or behind the work done. Underbilling silently finances the job out of your pocket; overbilling can mask a coming cash gap. |
| Holdback / retainage | Cash held back on each job until completion. Tracked properly it is recoverable working capital; ignored it is money that quietly disappears. |
| Cash flow vs draw schedule | How your cash lines up with progress draws, payroll and supplier terms. The number that decides whether you can make payroll between billings. |
| Backlog & bonding capacity | Signed work ahead and how much bonded work you can carry. The basis of every growth and bidding decision. |
Cash in the bank is not profit on the job. Deposits, draws and holdbacks move out of step with your costs, so the bank balance lies. Knowing your true job-level profit and WIP while the work is still running is exactly what a construction CFO gives you.
Construction CFO Support by Stage
| Your Situation | What We Focus On | Typical Priority |
|---|---|---|
| Owner-operator / small crew | Job costing setup, monthly reporting, cash flow visibility | Know which jobs actually make money |
| Growing contractor | WIP reporting, billing discipline, margin analysis | Stop profit leaking through underbilling |
| Established firm | Bonding-ready financials, forecasting, financial leadership | Build bonding capacity and bid larger work |
| Planning growth or equipment | Lender-ready projections, capacity and financing modelling | Fund growth with credible numbers |
No matter your stage: the right level of CFO support is the one matched to your volume this year. We scale it up only as your construction business grows, so you never pay for more than you need.
What Our Construction CFO Engagement Includes
| Area | What You Get |
|---|---|
| Job costing & profit reporting | Cost and margin tracked job by job so you know which contracts earn and which slip. |
| WIP & percentage of completion | Work-in-progress schedules with over/underbilling so revenue and profit are recognized correctly. |
| Holdback & retainage tracking | Holdbacks receivable and payable tracked so retainage cash is never lost. |
| Cash flow & draw forecasting | A rolling forecast tied to draws, payroll and supplier terms so crunches never surprise you. |
| Budgeting & KPI dashboards | Company and job-level budgets and a monthly dashboard of margins, WIP, backlog and cash. |
| Strategy meetings | Regular sessions to walk through the numbers and the decisions, from billing to bidding. |
| Bonding & financing support | Surety-ready and lender-ready financials and projections to grow capacity and fund work. |
| Bookkeeping & tax (optional) | We can run your construction bookkeeping, HST and corporate return alongside the CFO work. |
Holdbacks are real working capital most contractors lose track of. The cash held back on each job until completion is recoverable, but only if it is tracked accurately on both sides. We make sure your holdbacks receivable and payable are recorded and managed so the money is not forgotten. Holdback Accounting →
Signs Your Construction Company Needs a CFO
- You cannot say which of your jobs actually made money until they are finished
- You have cash in the bank but are never sure if you are truly profitable
- You do not run a WIP schedule and suspect you are over- or underbilling
- Holdbacks and retainage are hard to track and cash gets tied up
- Cash is tight between progress draws even with a strong backlog
- You want to bid larger bonded work but cannot produce surety-ready financials
- Change orders and overruns eat margin and you find out too late
- Your bookkeeping is not set up for job costing, so the numbers cannot be trusted
- A lender or surety wants projections you cannot produce
- You make bidding and hiring decisions on instinct rather than numbers
- You are thinking about buying equipment or taking on bigger projects
- You want one firm to handle CFO, bookkeeping, HST and tax together
Give Your Construction Company a CFO
Job costing, WIP and cash flow control on a clear monthly engagement. 30-Day Money-Back.
Why Contractors Choose Gondaliya CPA for CFO Support
Construction Focus
Job costing, WIP, holdbacks and bonding, not generic accounting.
Senior CPA Insight
Fractional CFO leadership scaled to your volume, without a full-time salary.
Clear Monthly Fee
Transparent monthly engagement. No hourly. 30-Day Money-Back. 60-Day Fees-Matching.
1300+ Reviews
Canada's most AFFORDABLE CPA. Flat fees for every service.
Construction CFO Pricing
CFO support is scoped to your volume and needs, so an owner-operator differs from an established firm bidding bonded work. We confirm a clear fixed monthly fee after a short scoping call. All fees include HST.
| Engagement Level | Best For | Monthly Fee |
|---|---|---|
| Essentials | Owner-operators wanting job costing, monthly reporting and cash flow visibility | Fixed monthly retainer, confirmed on scoping |
| Growth | Growing contractors needing WIP reporting, billing discipline and strategy meetings | Fixed monthly retainer, scoped to the work |
| Scale / Advisory | Established firms needing bonding-ready financials, forecasting and deeper leadership | Custom monthly retainer by volume and scope |
Why we scope rather than quote one flat number: unlike a corporate tax return, CFO work depends on your job volume, whether you need bonding support, the state of your books and how deep the financial leadership goes. We give you a clear fixed monthly fee after a short call, with no hourly billing.
Know Your Exact CFO Fee Before We Start
AFFORDABLE flat monthly fee. 30-Day Money-Back. 60-Day Fees-Matching.
Calculate My FeeFrequently Asked Questions: Construction CFO Services
Meet Your Construction CFO Team
Sharad Gondaliya, CPA
Founder & Managing Director
Gondaliya CPA Professional Corporation
Sharad leads CFO engagements for contractors, focused on job-level profitability, WIP discipline, holdback and cash flow control, and the surety-ready reporting that builds bonding capacity.
Vandana Goel, CPA
Senior Accountant
Gondaliya CPA Professional Corporation
Vandana keeps the numbers behind every construction CFO engagement accurate, setting up job costing, recording holdbacks on both sides and reconciling each job for reliable WIP reporting.
What Our Clients Say
1300+ five-star reviews from business owners and contractors across Ontario and Canada.
10 Ways a CFO Strengthens Your Construction Company
These are the moves that protect your margin, free up cash, and turn your job data into better decisions.
- 1Cost every job, every monthAssigning labour, materials, subs and equipment to the right job is the foundation of every other decision. It tells you which contracts earn, which slip, and which to stop bidding.
- 2Run a WIP scheduleA monthly work-in-progress schedule shows whether you are over- or underbilling and where profit really stands, the single most important report in construction.
- 3Fix underbilling fastUnderbilling finances the job out of your own pocket. Correcting progress billing to match the work done pulls cash straight back into the business.
- 4Track holdbacks on both sidesHoldbacks receivable and payable are real working capital. Tracking them accurately means the cash held back until completion is recovered, not forgotten.
- 5Forecast cash to the draw scheduleA rolling forecast tied to progress draws, payroll and supplier terms shows crunches before they hit, so you can make payroll between billings.
- 6Capture every change orderUnbilled change orders are a frequent source of lost profit. Tracking them in job costing and billing means the extra work is actually paid for.
- 7Build bonding capacity deliberatelyClean WIP reporting and surety-ready financials grow the bonded work you can carry, opening the door to larger, more profitable contracts.
- 8Model a bigger job before you signTest the cash flow, working capital and bonding a larger contract demands before you commit, so you never take on work you cannot finance.
- 9Run a monthly KPI dashboardA clear dashboard of job margins, WIP, backlog and cash means you always know where the business stands, and what to do about it.
- 10Keep books and tax tied togetherWhen job-costed bookkeeping, HST and the corporate return sit with the same firm as the CFO work, the numbers always agree and nothing falls between providers.
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Give Your Construction Company a CFO
Job costing, WIP reporting, holdback and cash flow control, plus bonding support on a clear monthly engagement with a licensed CPA firm. AFFORDABLE flat fees.