Is our overhead too high?
Your overhead multiplier is 1.97× against an industry target of 1.60×. The largest controllable categories are business development at $142K (28% over budget), indirect labor at $118K, and software at $67K. Cutting BD spend to budget recovers $31K annually.
But the faster fix is pricing. Lifting realization from 87% to 92% recovers $195K, without cutting anything.