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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
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Developing an Efficient JOC Program Framework

Job Order Contracting

True collaboration and owner leadership, capability, commitment, and accountability are requirement, not choices. Learn more about , reducing documentation time and improving cost management and quality… [contact-form] The post Developing an Efficient JOC Program Framework appeared first on 4BT.

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Construction project management 101 – Checklist

Lets Build

Managing complex data in intersecting tasks and teams include confirming a project’s justification, developing project schedules and goals, maintaining commitments for a project, holding people accountable, and avoiding common project pitfalls. master plan, education brief)? Are all contract documents signed?

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Things Contractors Should Know About Job Order Contracts

Job Order Contracting

Carefully review the Job Order Contract and all associated documents. Will you work directly with the real property owner or a consultant? Cost and accounting transparency via standardized cost data architectures, terms, and definitions. Here are a just a few things contractors should know about job order contracts.

Contract 100
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Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

billion in workforce education. More than half of that spending (56%) went toward safety education, a sign that construction remains a potentially dangerous job. Conscientious builders and consultants also insist jobsite safety needs to go beyond a simple compliance checklist. Construction Worker Suicide: A Fragile Balance.

Safety 72
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Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Alexis Udine , 37, Account Supervisor, Group Two Advertising, Philadelphia. Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Education • BS, Architecture, Lawrence Technological University. Forty Under 40. Leadership. Alex Akel, 29.

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My Step Father Inspired Me To Become A Construction Accountant

Contractor Bookkeeping

The reality is I am simply a Great Big Teddy Bear that loves accounting and helping contractors achieve their definition of success and anyone who has anything to do with building, remodeling or maintaining our homes and businesses. This is his and my story of how it happened. This is only a “word picture” and not to be taken literally.