Accounting Legal Liability Resource 
Construction Business Owner
JUNE 1, 2022
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.
Levelset
SEPTEMBER 14, 2022
“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Medical expenses, property damage, and legal defense costs can grow quickly.
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Green Building Law Update
NOVEMBER 17, 2019
Adverse health impacts from PFOA are being policed by the marketplace and enforced by the rule of law through these common law state tort liability suits. Troubling to some is that green building programs, including LEED’s Materials & Resources credits do not track or even take into account PFOA. Some suggest the U.S.
Job Order Contracting
MARCH 1, 2017
Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. It is important to review all Job Order Contract provisions to assure avoidance of any unnecessary financial risk or potential legal issues. [1]. Please seek appropriate legal counsel. Shared risk/reward.
Lets Build
DECEMBER 2, 2022
Issues may arise around ownership and accountability, roles and responsibilities, tools and materials. Drawing up a construction quality management plan will enable you and your staff to identify potential liabilities or risks, and implement techniques to mitigate them. The former is clearly preferable to the latter.
Safety Services Company
JANUARY 5, 2024
How to Implement Mental Health Resources & Solutions To avoid cold stress, you can check out some of our Cold Stress Safety Kits. This will ensure your workers comply with safety standards and protect your company from legal liabilities or workplace accidents caused by winter-related hazards.
Construction Business Owner
JANUARY 12, 2012
ACCOUNTING |. Accounting & Finance. Resource Center. The Expensive Process of Bidding » Save Time, Resources – File Electronically. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Public Exposure and Liability on Construction Sites.
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