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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. The rate of retention is stipulated in the construction contract and can often be negotiated. ABC Contractor is billing a project owner for $100,000 with 10% retention. According to Steven J.

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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 addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. To replace the original subcontractor, ABC Builders hires Water Works to finish the project at a cost of $1.2 Learn more.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Public bid law is a term of art used in the construction industry to describe any work, construction project or improvement to (immovable) property that is owed by the State of Louisiana or an arm of the state, such as parish or city government (“public entity’). The exact language of La R.S.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

Public bid law is a term of art used in the construction industry to describe any work, construction project or improvement to (immovable) property that is owed by the State of Louisiana or an arm of the state, such as parish or city government (“public entity’). The exact language of La R.S.

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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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