Construction & Property Development

Every project tracked. Every dollar accounted for. Every draw ready on time.

Construction and property development operate on a financial model unlike almost any other industry. You're managing multiple projects simultaneously, billing based on completion milestones, holding back payments to subcontractors, and carrying significant work-in-progress on your balance sheet at any given time. If your books don't reflect the actual state of each project in real time, your financial statements are unreliable — and in an industry where bank draws and lender reporting are part of everyday operations, unreliable books create real problems. PrecisionPenny gives construction businesses and developers the project-level financial infrastructure they need.

Project-Level Cost Tracking — Know Where Every Dollar Goes

The most important financial question in construction is whether a project is on budget. But most construction companies don't know the answer until the project is finished — by which point it's too late to do anything about it. We track every cost back to the project and phase it belongs to, in real time, so you can see budget versus actual at any point during construction.

–      Costs tracked by project, phase, and cost category

–      Labour, materials, subcontractor, and equipment costs allocated correctly

–      Budget vs. actual reporting updated as costs are incurred

–      Identify cost overruns early — while you can still act on them

Progress Billing and Draw Requests — Prepared and Documented

Construction billing is tied to completion milestones, not calendar dates — which means your revenue recognition needs to match your actual progress. Draw requests need to be supported by accurate cost records and completion documentation. We keep your project costs organized so every draw request is clean, well-documented, and easy for your lender or client to approve.

Subcontractor Holdbacks — Tracked and Released Correctly

Holdbacks are a legal requirement in most construction contracts — a percentage of each payment withheld until the work is complete and the lien period has passed. Mismanaging holdbacks creates both legal exposure and cash flow problems. We track every holdback separately, record releases correctly, and make sure your accounts payable reflects your actual obligations at all times.

Work-in-Progress Accounting

WIP is an asset — it represents the value of work you've completed but not yet billed for. Correctly accounting for WIP is essential for accurate financial statements, especially if you're presenting books to a lender, partner, or potential buyer. We maintain your WIP schedules properly so your balance sheet reflects the true state of your business, not just what's been invoiced.

Multi-Project Cash Flow — Planning Across the Portfolio

The biggest cash flow risk in construction is funding one project with cash that belongs to another. When you're managing multiple projects with different draw schedules and payment timelines, clear separation and accurate forecasting are essential. We give you a monthly cash flow picture that spans your entire project portfolio so you always know your real position — and can plan accordingly.

Ready to get started?

Book a free consultation. We work with general contractors, custom home builders, developers, renovation companies, and project managers.