At ProNovos, we talk every day with c-suite executives, project managers, superintendents, estimators and accountants about the construction metrics that matter most. Our platform puts the industry’s most-requested Key Performance Indicators (KPIs) at your fingertips, from the job site to the boardroom.
A
Financial Statements
Accounts Payable to Revenue
(Accounts Payable ÷ Total Revenue) x 100
Measures the relationship between a company’s accounts payable and its total revenue.
WIP
Actual Labor Rate
Total Labor Costs to Date ÷ Total Labor Hours to Date
The average hourly rate paid for labor on a project based on actual costs.
WIP
Approved Change Orders
Sum of all approved change order amounts
The total value of client-approved modifications to the original contract.
AR & AP
Accounts Receivable Aging
Categorize outstanding invoices into time buckets (e.g., 0-30 days, 31-60 days, 61-90 days, 90+ days)
A breakdown of accounts receivable by the length of time invoices have been outstanding.
Financial Statements
Asset Turnover
Total Revenue ÷ Average Total Assets
Indicates how efficiently a company uses its assets to generate revenue.
B
Revenue Forecast
Backlog
Total value of signed contracts – Revenue recognized from those contracts
The value of contracted projects that have not yet been completed or started.
WIP
Billed-to-Date
Sum of all invoices issued for the project
The total amount invoiced to the client for work completed on a project so far.
WIP
Budget Labor Rate
Budgeted Labor Costs ÷ Budgeted Labor Hours
The estimated average hourly rate for labor as per the project budget.
C
WIP
Cash Received to Date
Sum of all payments received from the client
The total amount of cash collected from the client for the project so far.
Cash Flow
Current Trial Balance
Sum of all debit balances = Sum of all credit balances
A financial report that lists the balances of all general ledger accounts at a specific point in time.
Financial Statements
Current Liabilities to Equity
Current Liabilities ÷ Shareholders’ Equity
Measures the proportion of current liabilities to shareholders’ equity.
Financial Statements
Current Month Costs
Sum of all costs recorded in the current month
The total costs incurred on the project during the current month.
Financial Statements
Current Month Profit
Current Month Revenue – Current Month Costs
The profit earned on the project during the current month.
Financial Statements
Current Month Revenue
Total of all billable work completed in the current month
The revenue recognized for the project during the current month.
Financial Statements
Current Ratio
Current Assets ÷ Current Liabilities
Indicates a company’s ability to pay short-term obligations within one year.
Financial Statements
Current to Total Assets
(Current Assets ÷ Total Assets) × 100
Shows the proportion of current assets to total assets.
D
Financial Statements
Days in Accounts Payable (AP)
(Accounts Payable ÷ Cost of Goods Sold) × 365
The average number of days it takes a company to pay its suppliers.
Financial Statements
Days in Accounts Receivable (AR)
(Accounts Receivable ÷ Total Revenue) × 365
The average number of days it takes to collect payment after a sale has been made.
Financial Statements
Days in Cash
(Cash and Cash Equivalents ÷ Operating Expenses) × 365
The number of days a company can continue to pay its operating expenses with its current cash balance.
Financial Statements
Days in Inventory
(Average Inventory ÷ Cost of Goods Sold) × 365
The average number of days it takes to turn inventory into sales.
Financial Statements
Debt to Equity
Total Liabilities ÷ Shareholders’ Equity
Measures the proportion of equity and debt used to finance a company’s assets.
E
WIP | Cost Forecast
Earned Revenue
Total Contract Value × Percentage of Work Completed
The amount of revenue recognized based on the work completed to date.
Financial Statements
Equity to Overhead
Shareholders’ Equity ÷ Overhead Expenses
Measures the relationship between a company’s equity and its overhead expenses.
WIP
Estimated Change Orders
Sum of all estimated change order amounts
The total value of change orders that are anticipated but not yet approved.
F
Financial Statements
Fixed Asset Newness
Accumulated Depreciation ÷ Gross Fixed Assets
Indicates the average age of a company’s fixed assets.
Financial Statements
Fixed Asset Newness
Accumulated Depreciation ÷ Gross Fixed Assets
Indicates the average age of a company’s fixed assets.
Financial Statements
Fixed Asset Ratio
Net Sales ÷ Net Fixed Assets
Measures the efficiency of a company’s use of its fixed assets in generating revenue.
G
Financial Statements
G&A to Revenue
(General and Administrative Expenses ÷ Total Revenue) × 100
The proportion of general and administrative expenses to total revenue.
Financial Statements
Gross Profit Margin
(Revenue – Cost of Goods Sold) ÷ Revenue × 100
A measure of profitability that shows the percentage of revenue remaining after deducting direct costs.
H
WIP
Hours to Complete
Total Budgeted Hours – Hours Worked to Date
The estimated number of labor hours remaining to complete the project.
I
WIP
Internal Change Orders
Sum of all internal change order amounts
Changes to the project scope or budget that are absorbed internally and not billed to the client.
J
WIP | Cost Forecast
Job Cost to Date
Sum of all direct and indirect costs associated with the project
The total costs incurred on a project from its start to the current date.
WIP
Job Borrow
(Est Cost – Cost to Date)- (Contract Rev – Billed to Date)
The amount of cash borrowed from other projects or company resources to fund this project.
L
WIP
Labor Budget
Labor Hours Budget × Budget Labor Rate
The total budgeted cost for labor on the project.
WIP
Labor Costs to Date
Sum of all labor costs recorded to date
The total labor costs incurred on the project so far.
Cash Flow
Line of Credit
Typically a fixed amount set by the lender
The maximum amount of credit extended to a borrower by a lender, which can be drawn upon as needed.
WIP
Labor Hours Budget
Sum of estimated hours for all labor tasks
The total number of labor hours budgeted for the project.
N
Cash Flow
Net Cash
Total Cash Inflows – Total Cash Outflows
The difference between cash inflows and outflows over a specific period.
Financial Statements
Net Profit Margin
(Net Income ÷ Revenue) × 100
The percentage of revenue that remains as profit after all expenses are deducted.
Financial Statements
Net Worth to Assets
Shareholders’ Equity ÷ Total Assets
Measures the proportion of a company’s total assets that are owned outright by investors.
O
WIP
Open Commitments
(Sum of all issued PO ÷ subcontract values) – (Amounts billed ÷ paid to date)
The total value of purchase orders or subcontracts that have been issued but not yet fully billed or paid.
WIP
Operating Cycle
Days in Inventory + Days in Accounts Receivable
The average time between purchasing inventory and receiving cash from its sale.
WIP
Original Budget
Sum of all initially budgeted costs
The initial total cost budget for the project.
WIP
Original Contract
Sum of all initially contracted amounts
The initial agreed-upon contract value for the project.
WIP
Original Estimated Profit
Original Contract – Original Budget
The profit initially expected to be earned on the project.
WIP
Original Profit Margin
(Original Estimated Profit ÷ Original Contract) × 100
The initially expected profit as a percentage of the original contract value.
WIP
Outstanding AR
Total Billed to Date – Cash Received to Date
The total amount billed to the client but not yet paid.
WIP
Overhead Costs
Total Project Costs × Overhead Rate
The indirect costs allocated to the project.
WIP | Cost Forecast
Overbilling
Billed-to-Date – (Job Cost to Date + Recognized Profit)
The amount by which billings exceed costs plus estimated earnings on uncompleted contracts.
P
WIP
Percentage Billed
(Billed-to-Date ÷ Total Contract Value) × 100
The percentage of the total contract value that has been billed to the client.
WIP | Cost Forecast
Percentage Complete
(Earned Revenue ÷ Total Contract Value) × 100 or (Job Cost to Date ÷ Projected Final Cost) × 100
The proportion of work that has been finished on a project relative to the total scope.
WIP
Pending Change Orders
Sum of all pending change order amounts
The total value of change orders that have been submitted to the client but not yet approved.
WIP
Previous Month Cost
Sum of all costs recorded in the previous month
The total costs incurred on the project during the previous month.
WIP
Previous Month Profit
Previous Month Revenue – Previous Month Cost
The profit earned on the project during the previous month.
WIP
Previous Month Project Final Contract
Original Contract + Approved Change Orders (as of previous month end)
The total contract value including all approved change orders as of the end of the previous month.
WIP
Previous Month Project Final Cost
Costs to Date + Estimated Costs to Complete (as of previous month end)
The total estimated cost at completion as of the end of the previous month.
WIP
Previous Month Project Profit
Previous Month Project Final Contract – Previous Month Project Final Cost
The total estimated profit for the project as of the end of the previous month.
WIP
Previous Month Project Profit Margin
(Previous Month Project Profit ÷ Previous Month Project Final Contract) × 100
The estimated profit margin as of the end of the previous month.
WIP
Previous Month Revenue
Total of all billable work completed in the previous month
The revenue recognized for the project during the previous month.
WIP | Cost Forecast | Project Dashboard
Project Profit
Total Contract Value – Projected Final Cost
A project profit margin measures the percentage of profit earned from a project relative to its total revenue, indicating how efficiently the project was managed financially.
WIP | Cost Forecast
Projected Final Cost
Job Cost to Date + Estimated Cost to Complete
The estimated total cost of a project at completion, including all actual and forecasted costs.
WIP
Profit and Overhead Budget
Original Budget × (1 + Overhead Rate + Profit Rate)
The total budgeted amount for profit and overhead costs.
WIP
Profit to Date
Revenue to Date – Costs to Date
The actual profit earned on the project so far.
Q
Financial Statements
Quick Ratio
(Current Assets – Inventory) ÷ Current Liabilities
This ratio provides a more conservative measure of a company’s liquidity than the current ratio, focusing specifically on its ability to cover short-term obligations using only its most liquid assets.
R
WIP
Remaining to Bill
Total Contract Value – Billed-to-Date
The amount of the contract value that has not yet been billed to the client.
Financial Statements
Return on Assets (ROA)
(Net Income ÷ Average Total Assets) × 100
Measures how efficiently a company uses its assets to generate profit.
Financial Statements
Return on Equity (ROE)
(Net Income ÷ Shareholders’ Equity) × 100
Measures the profitability of a company in relation to shareholders’ equity.
Financial Statements
Revenue to Equity
Total Revenue ÷ Shareholders’ Equity
Measures the amount of revenue generated for each dollar of shareholders’ equity.
Financial Statements
Revised Budget
Original Budget + Approved Change Orders
The updated budget for a project after incorporating changes and adjustments to the original budget.
WIP
Revised Estimated Profit
Revised Contract Value – Revised Estimated Cost at Completion
The updated expected profit based on current project performance and forecasts.
WIP
Revised Profit Margin
(Revised Estimated Profit ÷ Revised Contract Value) × 100
The updated expected profit margin based on current project performance and forecasts.
T
WIP
Total Commitments
Costs to Date + Open Commitments
The sum of all costs incurred to date plus open commitments.
AR | AP
Total Outstanding
Sum of all unpaid customer invoices
The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.
U
WIP | Cost Forecast
Underbilling
(Job Cost to Date + Recognized Profit) – Billed-to-Date
The amount by which costs plus estimated earnings exceed billings on uncompleted contracts.
W
Financial Statements
Working Capital Turnover
Net Sales ÷ Average Working Capital
Measures how efficiently a company uses its working capital to generate sales.
Y
WIP
YTD Billing
Sum of all invoices issued in the current year
The total amount billed to the client in the current year to date.
WIP
YTD Costs
Sum of all costs recorded in the current year
The total costs incurred on the project in the current year to date.
WIP
YTD Revenue
Sum of all revenue recognized in the current year
The total revenue recognized for the project in the current year to date.
WIP
YTD Profit
YTD Revenue – YTD Costs
The total profit earned on the project in the current year to date.