Contractor Bookkeeping

MAY 10, 2024

Managing a hectic schedule and complex projects can be challenging if you're a contractor. This is a mark of professionalism and can also help if you have an insurance or legal claim. You must also ensure that your paperwork, documents, and contracts are in order.

Documentation 118

Documentation Insurance Legal Claims 118

Construction Business Owner

MAY 8, 2019

Your leadership team spends hundreds of hours agonizing over any one project's schedule—what workers should be hired for which phase of the project; what materials should be shipped to the site when; when and how often project owners should be brought in for a status update; and more.

Insurance 120

Insurance Schedule Environment Materials 120

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

Contractor Bookkeeping

JULY 22, 2022

Another reason to keep a proper Construction Contractor Bookkeeping System is to be sure you did not overpay a supplier or subcontractor, cell phone, the internet, liability insurance, vehicle insurance, and more. Some utility companies have a history of what appears to be randomly sending the original bill.

Accounting 97

Accounting Contractors Banking Insurance 97

HardHatChat

MARCH 13, 2013

Scheduled commercial property maintenance. The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. Some systems or commercial construction features need regular upgrades that have to be accounted for.

Commercial 207

Commercial Insurance Retail Chicago 207

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Contractor did not notify the insurance carrier of the dispute prior to settlement.

Insurance 59

Insurance Maryland Claims Construction 59

Job Order Contracting

FEBRUARY 7, 2020

Billings are linked to plans, schedules, and any unanticipated delays/issues. These include soft costs – general conditions, insurance/bonding, fees/permits, as well as direct costs for material, equipment, and labor in elemental CSI MasterFormat data architecture.

Construction 160

Construction Procurement Documentation CSI 160

Wolgast Corporation

MAY 8, 2024

In the meantime, you’ll meet with your new project manager who’ll plan the schedule with you all while having your end date in mind. He can work backward from the final occupancy date to schedule necessary milestones. During construction, your project supervisor is on-site 100% of the time.

Design 62

Design Bidding Project Management Construction 62

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?

Insurance 52

Insurance Liability Risk Materials 52

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Construction Marketing

OCTOBER 28, 2018

These meetings provide a perfect opportunity to verify their license and insurance. Always ask for proof of insurance. You should also call the licensing authority and confirm that their insurance is valid. A budget and schedule compliance is a must. Settle for the best contractor on the list. Ask For A Written Contract.

Contractors 164

Contractors Insurance Commercial Bidding 164

Fieldwire

MARCH 5, 2024

CONSTRUCTION SCHEDULING SOFTWARE Easy construction project scheduling with Fieldwire Learn more → 2. Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. Biting off more than you can chew can put you in a bad light.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Contractor Bookkeeping

JUNE 2, 2017

Contractors doing Insurance Work are expecting to wait for Approval from the Insurance Company. Wait for the 1st Installment from Insurance Company. Wait for Inspection By Insurance Company. Wait for Final Payment By Insurance Company. In some cases, the Customer says “Yes” and then it is Wait for the Job Deposit.

Insurance 48

Insurance Contract Schedule Inspections 48

Contractor Connection

JUNE 22, 2017

While the contractor’s proof of insurance documents may not be attached to the contract itself, you can request that his or her insurance details are stated in the contract. Find out what the proper amount of liability insurance is for your area, and be sure that any contractor you hire has that coverage. Scheduling.

Contract 72

Contract Remodeling Insurance Schedule 72

ENR Construction

JULY 22, 2012

Survey Schedule. Viewpoint: The Case for Neutral, Third-Party Schedulers. I was recently asked to participate in a debate on scheduling specifications at Stanford University. A representative from the contractor sponsoring the conference would take the position that most scheduling specifications were onerous or unnecessary.

Schedule 52

Schedule Viewpoint Conference Claims 52

Fieldwire

AUGUST 31, 2023

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’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. Schedule a Demo

Subcontracting 98

Subcontracting Contractors Negotiation Employment 98

Wolgast Corporation

FEBRUARY 26, 2024

These include permits, insurance, taxes, supervision, equipment freight, taxes, etc. Same with labor, the bigger/longer the project duration, a contractor is able to offer a lower rate per hour because they can plan for their crew to be busy without looking for additional work to fill their schedule.

Estimating 127

Estimating Plans Materials Permits 127

HardHatChat

NOVEMBER 13, 2023

With the high level of pedestrian as well as vehicle traffic along the Mag Mile, simply scheduling the delivery of construction materials and equipment can be one of the project’s more complicated planning aspects. Likewise, flagship stores in city locations often entail construction in mixed-use buildings.

Commercial 156

Commercial Los Angeles Retail Construction 156

BD+C

AUGUST 21, 2018

The iconic hotel, which opened at its current site in 1931, has been closed since February 2017, and is scheduled to reopen in 2021 (one year later than previously announced).

New York 65

New York Insurance Renovating Schedule 65

Fieldwire

JANUARY 25, 2022

These are the ones that can be considered as being acceptable, but strategies have to be written down, with time or monetary contingencies, such as a general contractor insurance policy , set aside to deal with the risks when they occur. Schedule Demo. On the other hand, active acceptance of risks refers to the opposite. Key Takeaways.

Risk 59

Risk Plans Insurance Construction 59

Wolgast Corporation

MARCH 2, 2022

In many instances, work would be put on hold because that equipment or material had to be in place to move forward with the schedule. This will likely be at a premium and again cause additional costs and scheduling issues. All work sites are subject to OSHA and governmental inspections.

Safety 62

Safety Site Accidents Injury 62

Viewpoint Construction Technology

MAY 15, 2018

That means they have even more to keep track of in their already busy schedules. Insurance and bonding requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. These days, many contractors are faced with managing larger, more complex projects on a regular basis. Building codes.

Management 173

Management Regulation Construction Documentation 173

Construction Law

APRIL 2, 2024

Legal terms explained Kyle Melville of Herbert Smith Freehills LLP explains what is meant by Scott Schedules. Insurance Assessing the Design and Build Risk Our regular expert insurance market commentary from John D Wright of JD Risk Associates looks at the available design and build risk cover available.

Construction 52

Construction Liability Risk Contract 52

Job Order Contracting

JANUARY 25, 2018

Schedule • Procurement advantage of. Insurance and bond costs • Appraisals. Insurance and bond costs • Appraisals. Judgment factors must be applied within the average range to allow for: • Quality • Type of contract. Location • Extent of site works. Building shape, size and height • Design method. Market conditions.

Commercial 100

Commercial Construction Commissioning Permits 100

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Schedule delays. Impact of construction site theft. Eventually.

Site 52

Site Cash Flow Insurance Construction 52

Fieldwire

APRIL 4, 2023

Speller Metcalfe combines sustainable construction with a forward-thinking approach, using BIM (Building Information Modeling) and IPI (Integrated Project Insurance) to deliver projects meeting Passivhaus and BREEAM standards. DEMO Want to know how Fieldwire can help your company?

BIM 52

BIM Innovation Schedule Site 52

Construction Marketing

DECEMBER 2, 2014

Amazon plans on conducting background checks on the businesses and will determine if they have liability insurance. On their profiles, service providers can provide additional information about their businesses and they will have a scheduling feature to help customers book appointments.

Los Angeles 216

Los Angeles Retail Seattle New York 216

Job Order Contracting

NOVEMBER 17, 2016

Coverage Limits, Insurance Certificates. Construction Schedule. Schedule of Values. Coverage Limits, Insurance Certificates. Construction Schedule. Schedule of Values. Description. Unit Price Book. Bid Proposal. General Conditions. Supplemental Conditions. Definitions of Job Order Contracting Terms.

Contract 100

Contract Bidding Documentation Drawings 100

Viewpoint Construction Technology

SEPTEMBER 27, 2018

His root cause analysis examples offer helpful guidance on how to get to the bottom of what’s actually causing issues like going over budget and running behind schedule. Wearables’ ROI Is in Safety and Insurance, Expert Says. When an issue arises, perform a root cause analysis to identify the source of the problem.

Industrial 162

Industrial Construction News Insurance 162

Viewpoint Construction Technology

AUGUST 7, 2017

Health insurance benefits. Make sure your workers know about all the benefits that come with their employer-sponsored health insurance. With schedules becoming more and more packed, free, convenient health screenings for employees can help workers keep track of their health. Health screenings.

Construction 130

Construction Insurance Employment Viewpoint 130

Job Order Contracting

SEPTEMBER 29, 2017

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The proposal shall also contain a schedule for the completion of a specific project scope of work as requested by the organization.

Organization 100

Organization Contract Liability Contractors 100

Pro Builder

SEPTEMBER 28, 2020

Improved Scheduling. Scheduling has always been a challenge for home builders (and construction, in general), and COVID-19 restrictions made it worse. Derek Jones spearheads key initiatives at Deputy , a global workforce management platform for employee scheduling, timesheets and communication.

Safety 105

Safety Schedule Site Management 105

Pro Builder

JUNE 5, 2020

Owners and operators rely on rental income to pay employee payroll, mortgages, taxes and insurance. On top of worrying if residents will be able to pay rent, owners and operators of rental communities are now busy creating safety guidelines for reopening amenities and services.

Guidelines 52

Guidelines Income Insurance Schedule 52

Levelset

JUNE 29, 2022

The much bigger cause for financial concern is workers’ compensation insurance. Workers’ compensation insurance. Because construction is a dangerous industry, workers’ compensation insurance is expensive even without an OSHA violation on your record. Schedule delay. Compliance cost. Contract breach es.

OSHA 52

OSHA Inspections Construction Safety 52

Autodesk Construction Cloud

NOVEMBER 6, 2023

Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll. Now, project managers can visualize 3D models generated in Metaroom directly into Autodesk Build Insights or BIM 360 Project Home dashboards.

Autodesk 118

Autodesk BIM Visualization Construction 118

Best Practices Construction Law

NOVEMBER 4, 2015

Generally, you have to make sure that you comply with the contract or insurance provisions by: (1) giving written notice of the claim; (2) to the correct party; (3) within the time required; and (4) identifying the event giving rise to the claim. Analyze the schedule. Identify issues and establish a roadmap.

Claims 48

Claims Change Orders Legal Schedule 48

Wolgast Corporation

JANUARY 12, 2023

In this process, the client or business owner holds contracts with the prime contractors, but by teaming with the Architect and Construction Manager, the supervision, budget and schedule monitoring, quality and overall progress are conducted for the client by experts who do this every day.

Commercial 91

Commercial Construction Retail Michigan 91