Construction Genius

Eric Anderton

Thomas Edison said, "Genius is 1% inspiration, 99% perspiration." This show interviews hard-working construction company owners and executives who share their wisdom, perspectives, and lessons learned from decades of experience bidding, planning, and building profitable projects. Topics include leadership, strategic planning, conflict resolution, niche identification, succession planning, talent management, business development, and business growth. Industry expert, Eric Anderton also shares his insights about how construction company owners can increase project profit by improving communication, running productive meetings, and attracting, developing, and retaining talented leaders. Tune in each week and get practical inspiration for how to build people, projects, and profits. "I know of no genius but the genius of hard work." John Ruskin

  1. HACE 1 DÍA

    Why Your Jobs Look More Profitable Than They Are: Indirect Allocations and Overhead in Construction

    If your indirect costs aren't tracked—they're hiding. And what they're hiding is your true profit margin.   In this episode of Construction Genius, Eric sits down with Kathe Barrington, CPA and fractional Controller/CFO with 20 years of construction experience, to break down one of the most misunderstood areas of construction accounting: indirect cost allocations, equipment costing, and overhead structure.   Kathe explains the difference between indirect costs and G&A, how to think about owned equipment usage rates, what a clean chart of accounts should look like, and why your bank and bonding company will notice if you're burying job costs in overhead. She also shares her favorite phrase that every construction leader should internalize: every dollar needs a home and a purpose.   In this episode, you'll learn: The difference between indirect costs, overhead, and G&A—and why it matters How to cost and track owned equipment using market usage rates Why inaccurate chart of accounts structure distorts job profitability How misallocated costs affect banking, bonding, and strategic decisions Why your estimators and accounting team need to speak the same language The two biggest areas of indirect cost leakage to look for first Why you should review indirect allocations monthly, not annually   This is Part 4 of the Construction Accounting Series with Kathe Barrington. Previous Episodes in This Series Ep. 357 - WIP Reports Made Simple: The Key to Stopping Hidden Job Losses Ep. 359 - How to Use Your WIP to Protect Cash and Grow Profitability Ep. 364 - Why the Field and Accounting Are Both Right

    33 min
  2. 24 MAR

    Only 2.5% of Contractors Finish on Time. Here's What They Do Before the Job Starts

    Only 2.5% of contractors finish on time and on budget. Here's what they do before the job starts. In this episode, Eric Anderton breaks down Part 1 of FMI's 2025 Project Management Study — 243 executives, 84 PMs, real contractors, real numbers. What they found isn't revolutionary. It's the same truth Vince Lombardi was teaching in 1959. Preparation before the work starts. Accountability to a consistent standard. Everyone owning their role before the first crew hits the job site. The three things separating high performers from everyone else: PM involvement in estimating, structured pre-execution planning, and field buy-in before mobilization. The one role responsible for making all three happen — or failing to — is your project executive. Three Numbers Every Owner Should Know PM involvement in estimating → margin attainment jumps from 55% to 78% Thorough pre-execution planning → profit margins hit 81% vs. 50% of the time Strong field alignment → on-time/early completion 76% vs. 58% of the time   Hosted by Eric Anderton — leadership coach, executive coach, and 20+ year veteran of the construction industry.   FMI 2025 Study: https://fmicorp.com/insights/thought-leadership/2025-project-management-study-part-1 Executive coaching for your PX — book a call: https://10minuteswitheric.youcanbook.me/ Construction Genius book: https://www.amazon.com/Construction-Genius-Effective-Hands-Leadership/dp/B0BHTRDY1T/ The Shift leadership course: https://theshift.constructiongenius.com/

    21 min

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Thomas Edison said, "Genius is 1% inspiration, 99% perspiration." This show interviews hard-working construction company owners and executives who share their wisdom, perspectives, and lessons learned from decades of experience bidding, planning, and building profitable projects. Topics include leadership, strategic planning, conflict resolution, niche identification, succession planning, talent management, business development, and business growth. Industry expert, Eric Anderton also shares his insights about how construction company owners can increase project profit by improving communication, running productive meetings, and attracting, developing, and retaining talented leaders. Tune in each week and get practical inspiration for how to build people, projects, and profits. "I know of no genius but the genius of hard work." John Ruskin

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