Remove Accounting Remove Consulting Remove Documentation Remove Legal
article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
article thumbnail

Project Documentation: The Bad Little Email That Got Produced

Best Practices Construction Law

Believe it or not, there are always a wealth of emails and other documents produced in litigation that help “make the case” for the other side. We also need to consult the claims team to determine how late we really are. ” Best Practices advises that you should have a written document management policy in place.

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 CONTRACTING Cooperatives

Job Order Contracting

This particular document was circulated by the National Cooperative Purchasing Alliance, NCPA. Carefully review all of the Job Order Contract and all associated documents. Will you work directly with the real property owner or a consultant? 1] This document is not providing, nor attempts to provide any form of legal advice.

Contract 100
article thumbnail

Construction project management 101 – Checklist

Lets Build

Managing complex data in intersecting tasks and teams include confirming a project’s justification, developing project schedules and goals, maintaining commitments for a project, holding people accountable, and avoiding common project pitfalls. Has the selection of architectural, engineering, and other required consultants been managed?

article thumbnail

Common Types of Construction Contracts And Their Use

cnstrctr

A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The contract is typically governed by the prime consultant.

article thumbnail

Generating greater insights for the UK water market with @One Alliance

Autodesk Construction Cloud

In the UK, the water industry announced its commitment to a carbon zero future by 2030, which is decades before the government’s legally binding target of 2050. This helps to make sure compliance activity is not missed and decision-making is documented clearly.

BIM 98
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. This phase consists of consultation with Customers, Sales, Client Services, Quality Control, Programming and Management. This may involve continued consultations with those people previously interviewed. Tags accounting. accounting software. document management.