COPE-ing with Overhead and Cost Codes with Michael Anschel
03/19/25 • 47 min
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
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
Previous Episode
"It Is What It Is" with Ryan Hanson
Ryan Hanson, Partner at Sustainable 9 Design + Build, discusses the benefits of a cost plus pricing model, highlighting the transparency it provides to clients and the ability to better manage risks associated with material price fluctuations and project changes. The conversation covers Sustainable 9's unique neighborhood development project, the challenges of fixed price contracts, the impact of tariffs, and the importance of technology in improving construction processes.
https://sustainable9.com
Introduction and Background of Sustainable 9 (0:00)
The Nine Steps to Sustainability (2:03)
The Peninsula Lake Project (5:18)
Cost Plus vs. Fixed Price Models (13:06)
Impact of Tariffs and Market Risks (40:54)
Client Relationships and Project Management (41:39)
Commercial Construction and Pricing Models (42:07)
Adaptive Construction and Technology (50:58)
Final Thoughts and Recommendations (56:29)
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
Next Episode
Insights From a Top Construction CPA with Dorrie Franzello-Kurtz
This week, Dorrie Franzello-Kurtz, CPA at YHB | CPAs &Consultants, discusses the critical importance of accurate job costing, real-time financial reporting, and strategic financial management for construction companies. She emphasizes the need for proactive accounting practices, highlighting how proper tracking of indirect costs, job scheduling, and communication between field and office teams can significantly impact a construction business's profitability and long-term success.
https://yhbcpa.com/staff/dorrie-franzello-kurtzcpa/
Introduction and Background of Dory Franzello Kurtz (0:00)
Client Accounting Services (CAS) and Outsourced Accounting (2:07)
Identifying Issues in Construction Companies (3:58)
Real-Time Reporting and Job Scheduling (6:08)
Impact of COVID-19 on Construction Accounting (8:25)
Key Performance Indicators (KPIs) and Financial Management (12:58)
Estimating and Cost Control (23:30)
Strategic and Tactical Accounting (42:14)
Final Thoughts and Advice for Construction Business Owners (45:09)
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
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