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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Why Sell Service Agreements? Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. Every service agreement customer represents a future work.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

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. Contractors often wish they could simply deal with the insurance company directly through an assignment of benefits. The AOB agreements need to be in writing.

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Contractors Online Accounting With QuickBooks Desktop Version

Contractor Bookkeeping

Online bookkeeping has several advantages: 24/7 Access to your accounting data. You do not own your accounting information which means as long as you are in their good graces you are O.K. 02 Qualified Accounting firm To Act As Liaison. If You Have Tried QuickBooks Online And Are Not Satisfied Perhaps We Can Help.

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Common Types of Construction Contracts And Their Use

cnstrctr

It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. As not every project is the same, there are various types of contracts between the owner and contractor which depending upon which is chosen can change your responsibilities drastically. Lump Sum Contracts.

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How Much Does Rework Really Cost Your Job and What Can You Do to Stop It?

Construction Junkie

It’s fairly easy to determine what rework costs a contractor with regards to labor and material, but determining the true total cost is a whole different beast. With both the direct and indirect factors combined, it was determined that the median cost rework accounts for is 9% of the total project cost!

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Tags accounting. accounting software. STRATEGY |.

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ConstructionPro Network blog: Diverse, high-level information to help make better project management decisions

Construction Marketing Ideas

’s ConstructionPro Network blog takes business seriously, and in the process, provides some really useful tools (and warnings) for contractors and professional services concerned about contract and project management, disputes, and best practices within the industry. The contractor was awarded some of its accounting costs.