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Change Orders in Construction – 101 Guide

Lets Build

Change orders are common to construction projects. Whatever is the case, it is important to know how you can more effectively handle a change order as it can change your project both time and money. What is a change order in construction? What causes a change order.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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What is ‘General Conditions’ in a Construction Contract: Key Components Explained

Building Radar

Change Orders : Provides procedures for handling changes to the scope of work or contract terms, including how changes will be documented and approved. Safety and Compliance : Addresses safety protocols and regulatory compliance to ensure that the construction site adheres to legal and safety standards.

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What Causes Construction Project Delays?

Viewpoint Construction Technology

The biggest challenge in the construction industry today is labor. The recession triggered more than a decade ago left its mark on the industry, as many skilled workers laid off during the downturn left to take jobs in other industries. Labor Challenges. Lack of Effective Communication.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Industry News. Industry Statistics. « A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. As a former general contractor, I have a lot to say about the operations side of change orders. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Industry News. Industry Statistics. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.”

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7 Construction Industry Truths Made Clear at Autodesk University

Autodesk Construction Cloud

Every year, Autodesk University (AU) brings industry knowledge to light, leaving construction professionals from across the globe with a wealth of actionable insights. Jump to industry learning: Great decisions require access to great data. trillion in global construction industry costs in 2020. That includes $88.69