Past Project Profile.
What is it.
The Past Project Profile is a practical tool that simply captures the real cost data from your past projects.
In just a few minutes, you can create a cost profile that factors in the contract price, atypical inclusions, and variations against the raw build cost—allowing you to check whether you achieved your target profit margin, and adjust accordingly if the outcome fell short.
This tool helps you develop a reference cost for past projects to reflect the margin you deserve, not just what eventuated. It’s a smart way to sharpen your numbers and set the benchmark for more accurate, more profitable cost prediction moving forward.
How does it work.
You simply plug in a few key pieces of information—most of which should be readily available from your build system or accounting software.
Start with the contract cost, subtract any atypical inclusions (like pools or landscaping), and add any variations that occurred during construction. This gives you a clear picture of the actual house-build cost.
Next, input the raw build cost. The tool will calculate the profit margin earned on the project.
You can then adjust the margin to reflect what you aim to charge today—and the calculator will reverse-engineer what the build should cost to achieve that target margin.
How does it help.
Predicting build costs has never been more challenging. The unprecedented rise in construction prices in recent years has thrown the industry a serious curve ball—and we can’t keep sticking our heads in the sand.
Homeowners need reliable costing references. And the truth is, nobody knows your past projects better than you do.
The Past Project Profile helps you build a real, relatable cost library based on your actual work. And when combined with the Past Project Forecaster, it creates more accurate, data-driven pricing references for future projects.
When you use your own project data to inform the next job, you’re not guessing.
You’re guiding future clients—with confidence, clarity, and integrity.
Start Profiling.
It only takes a few minutes to create a Past Project Profile, but the value it brings to your business is long-term. Build your own cost library, sharpen your cost prediction accuracy, and bring more clarity to every future project.
Use the work you've already done to take control of the work ahead.
Let’s chat.
Are you a progressive industry professional looking for ways to support your clients better? I would love to hear from you. Let’s chat and see how we can support one another to prepare, design and build better in a new and changed residential building industry.