Remove Accounting Remove Compensation Remove Legal Remove Subcontracting
article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Medical expenses, property damage, and legal defense costs can grow quickly. An uninsured business would likely not have the financial resources to pay a large legal settlement. The bottom line is: Subcontracting work will be very difficult to secure if you carry no insurance or policies with inadequate coverages. .

article thumbnail

Top OSHA Violations in Construction (2021)

Levelset

According to BLS data, falls accounted for more than 1 in 3 jobsite fatalities in 2019. It accounts for more than twice as many citations and over 5 times the financial penalties of any other violation. On a large commercial project, the accounting team may not bat an eye. Workers’ compensation insurance. Legal fees.

OSHA 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. The Contractor must take these costs into account when proposing the. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. authorization. to 5:00 P.M.

Contract 100
article thumbnail

Things Contractors Should Know About Job Order Contracts

Job Order Contracting

It is important to review all Job Order Contract provisions to assure avoidance of any unnecessary financial risk or potential legal issues. [1]. Cost and accounting transparency via standardized cost data architectures, terms, and definitions. Establish the details of how the JOC consultant is being compensated.

Contract 100
article thumbnail

What You Need to KNOW about Job Order Contracting

Building Information Management

It is important to review all Job Order Contract provisions to assure avoidance of any unnecessary financial risk or potential legal issues. Cost and accounting transparency via standardized cost data architectures, terms, and definitions. Establish the details of how the JOC consultant is being compensated. Shared risk/reward.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

The Owner will be required to deliver such materials to the job site or compensate the Contractor for providing labor to deliver Owner-furnished materials to the job. Subcontracts. At the completion of the project, any savings associated with the Subcontract may be required to be passed along to the Order by way of a change order.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

001) of UI taxable wages for employers with positive UI reserve account balances and employers subject to Section 977(c) of the California Unemployment Insurance Code (CUIC). corporations whose sole activities in CT are trading stocks, securities or commodities of their own account. The tax rate is set by statute at 0.1% (.001)

Income 108