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.

OSHA 52
article thumbnail

A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. That includes accounting. Sure, accounting may have a bit of a reputation for being mundane. Everything Is Moving All the Time.

professionals

Sign Up for our Newsletter

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

article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

The bottom line is: Subcontracting work will be very difficult to secure if you carry no insurance or policies with inadequate coverages. . Workers compensation insurance. For electronic recordkeeping, bookkeeping, and accounting, cyber insurance is a must-have. 7 insurance policies subcontractors may need. Cyber insurance.

article thumbnail

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
article thumbnail

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Falls, alone, account for up to 70% of construction-related injuries and deaths, according to Dr. Dong Zhao of Michigan State University, who has been analyzing BLS data to determine why construction accidents keep happening and to discover or refine preventive measures. Construction Worker Suicide: A Fragile Balance.

Safety 72
article thumbnail

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. Subcontracting: Do. Shared risk/reward.

Contract 100
article thumbnail

What You Need to KNOW about Job Order Contracting

Building Information Management

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. Subcontracting: Do’s.