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📋 Free Audit / Scorecard

Where Is Your Profit Leaking?

Answer 15 questions to audit profitability across all areas of your contracting business.

Free to use No account needed Instant results
Profitability AuditFlat-rate pricingMaterials markupGross margin >40%Follow up estimatesMaintenance programPast customer reactivation

Pricing

Do you know your overhead cost per billable hour?

Do you use flat-rate pricing (not time-and-materials)?

Do you charge a materials markup of at least 20%?

Do you add a premium for after-hours/emergency calls?

Margins

Is your gross margin above 40%?

Is your net profit margin above 8%?

Do you review job-level profitability monthly?

Revenue Leaks

Is your call answer rate above 80%?

Do you track and follow up on unsold estimates?

Do you have a maintenance agreement program?

Do you track technician upsell attach rate?

Do you reactivate past customers at least twice per year?

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What This Audit Measures

Answer 15 questions to audit profitability across all areas of your contracting business.

Contractor Self-Assessment Guide

Self-assessment is one of the most powerful and underused tools in a contractor's business toolkit. Contractor Profitability Audit gives you an objective, structured way to evaluate a critical area of your business — scoring yourself against industry best practices so you know exactly where you stand and where to focus improvement.

Why structured audits beat gut checks

Most contractors have a general sense of how their business is performing. They know things could be better, but they're not sure exactly where to focus. A structured audit replaces that vague sense with specific, actionable data.

The questions in this audit are drawn from the best practices of top-performing HVAC, plumbing, electrical, and roofing contractors. Each question is weighted based on its impact on business outcomes — the highest-weight questions address the issues that most directly affect revenue, customer retention, and operational efficiency.

How to get the most from your audit score

Your score is not a judgment — it's a diagnostic. A low score in one area tells you exactly where to focus. A high score tells you what you're doing right, so you can systematize and protect it.

When you complete the audit:

  1. Focus on the red flags first: Items marked as "no" with high weights deserve immediate attention
  2. Look for quick wins: Some items that score low can be fixed in an afternoon — prioritize these to build momentum
  3. Address systemic issues thoughtfully: Items that require process changes or investment need a plan, not a quick fix
  4. Reassess in 90 days: Run the audit again after making changes to measure progress

Industry benchmarks and what scores mean

  • 85–100: Excellent. You're operating at or near industry best practice in this area.
  • 70–84: Good. Solid performance with specific improvement opportunities.
  • 50–69: Needs Work. Meaningful gaps that are likely costing you revenue or customers.
  • Under 50: Critical Gaps. This area of the business requires immediate, focused attention.

Most contractors who complete this audit for the first time score in the 50–70 range — which is encouraging, because it means significant improvement is achievable with targeted effort.

The compound effect of improving audit scores

Each area of the business connects to the others. Improving your call handling score increases close rate. Improving your reputation score increases inbound volume. Improving your profitability score frees up capital for marketing investment. The improvements compound — which is why the contractors who run these audits quarterly and act on the results consistently outperform those who operate by feel.

Use the priority fixes shown in your results as your 90-day improvement roadmap. Pick the top 2–3 and make them happen before moving to the next tier.

Frequently Asked Questions

What are the most common profit leaks in contracting?

The top profit leaks are: flat-rate pricing that's too low, unbillable drive time, materials not marked up, overhead not allocated per job, and callbacks on warranty work that could have been prevented.

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