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Tax Reform Impact on Employers and Employees

Revit OpEd

The Tax Bill suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense.

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A Recipe for Retaining Your Purchasing Talent

Pro Builder

A good purchasing professional must understand the construction process, local building codes, risk management, the enterprise resource planning system, schedules, the installing trades in a given market and the materials they use, alternative materials that could be used, their cost drivers, and so on—all while being an excellent negotiator.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. The Contractor must take these costs into account when proposing the.

Contract 100
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I’ve Received Contractor Lawsuit. What Happens Next?

Construction Law Monitor

Other types of damages exist but courts like to compensate with money. Once a judgment is rendered against the party who is sued, then bank accounts, garnishments and property are all options for a quick collection. Other options : – Informal negotiations or ADR clause are other options. The clock starts running!

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Environmental Regulations in Construction: What Contractors Need to Know

Levelset

Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as “Superfund,” covers improper disposal or intent to dispose of hazardous waste. View the list of chemicals subject to CERCLA here. Under 42 U.S.C.

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Things Contractors Should Know About Job Order Contracts

Job Order Contracting

Cost and accounting transparency via standardized cost data architectures, terms, and definitions. Line items modifiers (items that add to, or deduct from, the parent line item cost) should be included as appropriate to account for quantity, site/location factors, material qualities, etc. Shared risk/reward. Owner project sign off.

Contract 100
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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. Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). Subcontracts.