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COPE-ing with Overhead and Cost Codes with Michael Anschel
Manage episode 472119315 series 3566563
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In this episode Michael Anschel, Principal at OA Design+Build +Architecture, discusses the COPE (Cost of Project Execution) method, which helps builders gain better visibility into their overhead and project costs. The guests emphasize the importance of using cost codes, job costing, and understanding the difference between markup and margin to run a more profitable and transparent construction business.
Introduction and Background of Michael Anschel (0:00)
Explanation of the COPE Method (0:15)
Breakdown of the COPE Method (2:14)
Importance of Transparency and Honesty in Pricing (7:15)
Challenges and Benefits of the COPE Method (9:13)
Implementing the COPE Method in Practice (12:02)
Importance of Categorizing Costs and Job Costing (16:02)
Overcoming Resistance to Change in the Industry (20:02)
Achieving Profitability and Work-Life Balance (22:02)
Conclusion and Final Thoughts (24:42)
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
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