About a minute, two questions. Value slips away after a contract is signed: work runs past the line, change orders come late, invoices age. It never shows up as a line you can point to. See an estimate of what is at risk on your contracts.
Where that value usually slips away, and what to watch first. Mike reads every one and replies personally.
About $15,000 a month of contract value at risk, estimated at 8% of the contract revenue above. World Commerce and Contracting estimates average value erosion at about 9 percent of contract value (8.6 percent in its later study with Deloitte), with top performers near 3 percent. This estimate scales that down for how you track today and for larger contract books, which tend to carry more controls.
Most of this is visible early: a line nearing its limit, a change order not yet raised, an invoice going overdue. FullBoat watches every contract against its line and tells you the day it crosses, while the change order still works.