Remove Compensation Remove Insurance Remove Products Remove Subcontracting
article thumbnail

The pros and cons of becoming a subcontractor

Fieldwire

If you decide to start your own subcontracting business, you’ll be able to reap many of the most significant benefits of working as a general contractor — like greater flexibility in job hours and scheduling. You may need to pay quarterly estimated taxes, depending on how much you make from your subcontracting work.

article thumbnail

Q2 Construction Labor Costs $28.13/Hour

Job Order Contracting

Construction compensation increased 0.8% Production responsibilities for establishments in this sector are usually specified in (1) contracts with the owners of construction projects (prime contracts) or (2) contracts with other construction establishments (subcontracts). Employer Compensation Costs. . . in Q1) and 2.5%

professionals

Sign Up for our Newsletter

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

article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

This might mean that the project ran too long or the workers didn’t get the compensation they were promised. For example, if your staff doesn’t do plumbing, subcontract and find professionals who can. This includes taking out insurance on the project. Legal risks can include situations wherein a breach of contract occurs.

Risk 62
article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

This might mean that the project ran too long or the workers didn’t get the compensation they were promised. . For example, if your staff doesn’t do plumbing, subcontract and find professionals who can. . This includes taking out insurance on the project. Legal risks can include situations wherein a breach of contract occurs.

Risk 62
article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Instead of operating from a fixed location with a fixed set of products or services, construction projects rely on a range of locations, materials, and services. Purpose-built construction accounting software can help to automate this process and meet the need for multiple service or product categories. Subcontracts.

article thumbnail

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

Pro Builder

Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply. Scott Smith, Selective Insurance Group. Patricia Urtecho, a senior risk management consultant with Builders Mutual Insurance Co.

Safety 72
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Industries that qualify for the CAPCO program may include manufacturing, processing, or assembling products; conducting research and development; or providing services. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000.

Income 108