Construction Business | My $200,000 Lesson: Understand Your TRUE Labor Costs | Nick & Tyler

Nick shares the story of a $200,000 mistake that could have been avoided with one clause in his contract. This episode unpacks the real cost of labor — from hidden overhead and labor burden to inefficient pricing strategies — and shows how even experienced builders can leave money on the table. Nick and Tyler break down how they calculate true labor costs, the ripple effect of inaccurate billing, and why it's time to rethink how you estimate, price, and protect your work.

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Show Notes:
Contractors Coalition Summit Recap and Labor Burden Introduction (0:00)
Sponsorship Announcements and CCS Event Highlights (1:12)
Labor Burden Calculator and Financial Lessons (12:46)
Practical Advice for Calculating Labor Burden (24:33)
Overtime and Labor Burden Considerations (53:27)
Conclusion and Call to Action (56:22)

Video Version:

https://youtu.be/KpyjTvAlXgw

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Find Our Hosts:

Nick Schiffer

Tyler Grace

Podcast Produced By:

Motif Media