Theta Intelligence built IBRS for the construction GC who finds out a job blew its budget at month-end close. By then it's too late — the materials were ordered, the subs already paid, the change orders unfiled. IBRS watches your job costs in real time, fires proactive alerts when burn rate trajectory says you'll overrun, and surfaces the lessons-learned post-completion. One caught $90K overrun pays for IBRS for two years.
The problem
Where IBRS fits.
Overruns get discovered at month-end, not week 6
Industry-average overrun across construction: 5–15%. Most are detectable by week 5 or 6 of a 12-week job — but PMs are flying blind without daily burn-rate reporting. IBRS surfaces the trajectory the moment it deviates.
Material and labor creep before anyone notices
A subcontractor invoice arrives 12% over estimate. A material delivery comes in 8% over. By themselves, neither triggers a review. Compounded across a job, they push you 20% over budget. IBRS catches the compounding effect.
Single overruns kill year-end margin
A $90K overrun on a single $1.5M job at 8% target margin wipes out the entire margin on that job. On a $20M annual portfolio, three overruns kill your year. IBRS makes it impossible to be surprised.
PM dashboards no one looks at
Procore and Buildertrend have dashboards. Your PMs are too busy on site to check them. IBRS is push-based: daily burn email at 7am, weekly digest Monday, monthly summary 1st of month — delivered, not requested.
Construction ROI math
Industry overrun rate: 8–12% on average jobs. With IBRS catching at the 65% threshold, typical capture rate is 30% of would-be overruns. For a GC with 30 active jobs averaging $1.5M each, that's roughly $108,000/yr in caught overruns. IBRS Growth at $2,800/mo (= $33,600/yr) pays itself back in month 1 from a single caught overrun on a single job.
How IBRS works for Construction General Contractors
Built for the specific way you operate.
Real-time burn webhook on every cost entry
Cost-event ingestion via HMAC-signed webhook within 30 seconds. The moment a subcontractor invoice or materials charge hits your system, IBRS recomputes burn rate and projected EAC.
Threshold alerts at 50%/65%/80%/100%
Configurable per-job thresholds. 50% = warning. 65% = alarm. 80% = critical. 100% = breach with hard-freeze recommendation. PMs and the CEO get appropriately escalated alerts.
Trajectory predictor
IBRS doesn't just report current burn — it projects forward at current burn rate and tells you 'this job will hit 100% by week 9 at current trajectory.' You act in week 6, not week 11.
Daily, weekly, monthly digests
Daily 7am owner brief: total active job count, jobs over warn threshold, jobs over alarm. Weekly digest Monday: per-job EVM (CPI, SPI, EAC, ETC, VAC). Monthly summary: completed jobs with final variance + lessons-learned.
Composite idempotency on cost ingestion
Multi-factor key (external_event_id + timestamp + amount + client_id). Same event submitted twice with a different nonce is detected as a replay and rejected at the database boundary. Critical for billing-grade integrity.
Pricing
IBRS Starter — $1,500/mo + $2,250 setup. Up to 10 active jobs. IBRS Growth — $2,800/mo. 11–30 jobs. IBRS Enterprise — $7,500/mo. 31+ jobs, tested to 500.
FAQ for Construction General Contractors
Questions Construction General Contractors ask first.
No — IBRS layers on top. Procore and Buildertrend manage your projects (documents, schedules, RFIs); IBRS watches the COST DATA flowing through them and provides proactive burn alerts. Many of our clients use Procore + IBRS together.
Anywhere your accounting / cost data lives — QuickBooks, Sage, Foundation, Procore Financials, custom spreadsheets, or a dedicated webhook from your bookkeeping system. IBRS ingests via signed webhook with composite idempotency keys.
Yes. Sub draws are treated as cost events with the appropriate category. IBRS tracks them against your subcontract budget per job and alerts when a sub is trending over their committed amount.
Change orders update the budget baseline. IBRS reads your change-order log (Sheets, Procore, or your CO tool) and recomputes the burn-rate denominator so the new approved budget is the new threshold.
Yes. IBRS Starter is sized for residential GCs with up to 10 active jobs. Most residential GCs use it for new-build burn tracking and find the threshold alerts catch material price escalations early.
Ready to deploy IBRS?
Join the waitlist for priority deployment. Founding clients get first access, early onboarding, and direct attention from the Theta Intelligence team.