article thumbnail

New Legal Guide and Resource For Your Construction Business

Construction Marketing

Whether just starting out or operating for years, there are many legal obligations and issues that confront a small business owner. The Small Business Legal guide from Legal Services Link provides information on the top ten areas business owners need to address to ensure their businesses are legally protected.

Legal 120
article thumbnail

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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sustainability and Facilities Management in the Public Sector

Job Order Contracting

Any significant improvement, however, will require LEADERSHIP, COMMITMENT, CAPACITY, and ACCOUNTABILITY. All project resource requirements, labor, material, equipment granular costs, productivity, and scheudle are available to all signatory parties.

article thumbnail

Effective Public Sector Construction Project Management

Job Order Contracting

For decades attention has failed to focus on the need for continuous, competent, and accountable leadership and the effects upon finances, reputations, relationships, communities, and overall organizational missions.

article thumbnail

6 Benefits of Contractor Management Services

Safety Services Company

Staying compliant, including meeting internal standards, is crucial for legal requirements and stakeholder trust. They maintain your contractor management accounts (e.g. They maintain your contractor management accounts (e.g. complete the necessary paperwork, and provide you with training resources to help you with compliance.

article thumbnail

Integrated Construction Planning, Procurement, and Project Delivery Solution

Job Order Contracting

Achieving and Maintaining Excellence Requires – Collaboration, Team Alignment and Tracking, Accountability, Clarity of Goals, Problem Solving, Fiscal Transparency, Robust Process, Common/Shared Data Environment, Levelling Up Team Knowledge. Resources & Facilitation. Team Selection. Developing Contract. Developing Parties.

article thumbnail

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.