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Ohio Court Reforms Construction Contract to Correct “Manifest Absurdity” in Termination for Convenience Term

Constructlaw

which provided that the Owner will make payments for “work executed, including reasonable overhead and profit and direct costs incurred by reason of such termination.” including a 25% margin for overhead and profit. First, the trial court’s reformation of the contract to account for the “obvious” typographical error in Section 14.4.1

Ohio 52
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Six Virtual Contractor Bookkeeper Traps

Contractor Bookkeeping

Contractors who outsource important construction accounting services to a "virtual bookkeeper" in an effort to save money are completely foolish because a virtual bookkeeper is usually a Bad Bookkeeper. We hire professional construction accountants and bookkeepers and have a comprehensive Construction Accounting System.

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Contractors Job Costing Library The Key To Increased Profits

Contractor Bookkeeping

The archeologist struck a bargain with the contractors that if they would work together and deliver the Treasure Box to his office in New York City they would be rewarded handsomely. Job costing reporting system based on one of these four foundations: account based, item based, schedule of values based or work-in-progress based (W.I.P.)