Levelset

JUNE 6, 2022

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. ABC Contractor is billing a project owner for $100,000 with 10% retention. When ABC completes the project, they will invoice the customer for $10,000 in retention. Managing slow payment cycles.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

APRIL 28, 2022

While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Ty Moffett, Bond Department Manager at A.G.

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

SEPTEMBER 14, 2022

Associated Builders and Contractors (ABC) estimates that around 1.2 This can be done by upskilling team members, promoting a more inclusive workplace, and adopting tools that streamline workforce planning and management. Read Mallorie’s first article: Breaking Down Regional Silos to Gain Efficiencies and Increase Profitability.

Software 52

Software Software Plans Industrial 52

Autodesk Construction Cloud

JULY 7, 2022

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105

Software Software Management Construction 105

NH Construction Law

JANUARY 23, 2021

In an effort to avoid the costs and risks associated with the employment relation, contractors and construction managers often prefer to hire workers as “independent contractors” rather than employees.

Regulation 40

Regulation Contractors Employment Boston 40