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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. The rate of retention is stipulated in the construction contract and can often be negotiated.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. Related: 16 types of insurance coverage for contractors.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Over the past few years there has been a spike in public work and as these jobs reach completion contractors, subcontractors, equipment lessors, laborers and materials suppliers are forced to become well versed in the layout of the public bid law. Entering into a contract for a construction project with a public entity has strict regulation.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Over the past few years there has been a spike in public work and as these jobs reach completion contractors, subcontractors, equipment lessors, laborers and materials suppliers are forced to become well versed in the layout of the public bid law. Entering into a contract for a construction project with a public entity has strict regulation.

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The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

There are many advantages to being a small construction firm. Like most SMBs, small-scale construction companies run on fewer resources. Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Let’s get started. .

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