Skip to main content

Glossary

Home Services Operations Glossary

The terms every contractor-owner runs into when they start working on the business instead of in it, defined plainly with the numbers that matter.

Terms

Plain definitions for HVAC, plumbing, and electrical operators.

5 terms

Definition

Fractional COO for Home Services

A fractional COO runs a contractor's operations part-time: weekly cadence, KPI accountability, and margin visibility. The role, cost, and when to hire.

Read the Definition

Definition

Operational Intelligence for Contractors

Operational intelligence unifies a contractor's field-service, accounting, and marketing data into one weekly picture of margin, KPIs, and cash.

Read the Definition

Definition

Contractor KPI Scorecard

A contractor KPI scorecard tracks 7 profit metrics (utilization, gross margin, ticket, close rate, cost per booked job, renewals, revenue per tech) weekly.

Read the Definition

Definition

Technician Utilization Rate

Technician utilization rate = billable hours ÷ paid hours. The formula, the 60–75% operating threshold, and why it's a top KPI for contractors.

Read the Definition

Definition

Loaded Labor Cost

Loaded labor cost is a tech's true hourly cost: wage plus taxes, benefits, comp, vehicle, tools, and unbilled time. A $28.75/hr tech often costs $40–$48/hr.

Read the Definition

Put It to Work

The playbooks and calculators built on these terms.

Playbook

Weekly Operating Meeting Playbook

The 90-minute leadership meeting behind EOS®-style operating systems: the agenda, the accountability chart, the weekly scorecard, Rocks, and how issues get solved instead of discussed.

Open the Playbook

Template

Contractor KPI Starter Kit

The weekly numbers an HVAC, plumbing, or electrical owner should see: how each one is calculated, which seat owns it, and what it tells you.

Open the Template

Template

Marketing ROI Scorecard

Measure every channel on cost per booked job, not cost per click: the formulas, the weekly layout, and how to decide where the next dollar goes.

Open the Template

Build an Operating System Around the Business You Actually Run.

Book a 30-minute strategy call with Margin One. We will look at your systems, your KPIs, and the decisions costing you margin.

  • Thirty minutes, no preparation needed
  • Bring the systems you use today
  • Leave with a view of your first scorecard

Pick a time that works for you.

A working conversation about your numbers with an operator who has run the trucks — not a sales pitch.