5 Finance Signs that You Need to Hire a CFO (Chief Financial Officer) and What it is Costing Construction Contractors Margin & Cash

The field-tested steps to protect margin on every job, every time

‹ Continued From Page 1
  • Tax strategy calendar: quarterly tax projections, entity/bonus depreciation planning, and distribution policy tied to cash runway.
  • Leadership rhythm: weekly KPI huddle; monthly forecast review; quarterly strategy day.
  • Why a Fractional CFO Can Be the Right Move

    For many construction contractors, a full-time CFO is overkill or simply out of reach. A fractional model gives you senior-level financial leadership only when you need it: part-time, project-based, or seasonally, so you get the impact without the full-time overhead. It’s ideal when you’re preparing to scale, improve margins, win larger bonded work, or shore up financing.

    We make it easy to say yes with a simple 3-step plan:
    1. Assess — Profit & Cashflow Assessment
      We go inside your numbers to pinpoint cash delays, pricing gaps, and job-cost blind spots. Deliverables: a prioritized action plan with quantified wins.
    2. Fix (First 90 Days) — Cash, Pricing, Job-Costing
      Execute quick wins that move cash and margin now: tighten billing & CO cadence, set pricing floors, and stand up daily cost capture with a PM dashboard.
    3. Scale — Forecasting, Financing, Growth Roadmap
      Build an 18-month three-way forecast (P&L, cash, balance sheet), bank/surety package, and bid/no-bid guardrails tied to capacity.

    What you can expect

    • Clear numbers you can trust monthly, not just at year-end.
    • Faster cash, cleaner WIP, and pricing discipline that protects margin.
    • Confidence to pursue bigger work with a forecast that proves you won’t “grow broke.”

    DAAXIT: The #1 Fractional CFO for Construction

    When selecting a fractional CFO, industry-specific experience matters. DAAXIT is recognized as the number one fractional CFO for construction, offering deep expertise in construction accounting, job costing, cash flow management, and compliance. DAAXIT’s specialists understand the unique challenges contractors face and provide hands-on solutions: implementing construction-focused ERPs, instituting reliable job-cost reporting, optimizing working capital, and building strategic financial plans that support growth. Their tailored approach helps construction companies move from reactive to proactive financial management.

    Conclusion

    Success vs. Failure (the stakes)

    Choose the path where your numbers IP19 work for you: predictable profit, clean WIP you can trust, faster collections (lower DSO), pricing that protects margin, and bids you can pursue with confidence because the forecast says cash stays healthy. Or keep rolling the dice and grow top line without cash to support it, miss good work because financing isn’t ready, watch change orders and overhead quietly eat margin, and burn out your crews and leaders. If your company is facing cash crunches, shaky job-level visibility, stalled growth, process/compliance headaches, or a leadership gap in finance, it’s time to add strategic financial horsepower without the full-time overhead. A specialized fractional partner can deliver measurable improvements, reduce risk, and position your business for sustainable growth. The right moves now protect today’s margins and fund tomorrow’s opportunities.