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Getting Accounting Aligned with the Project Management Team

Viewpoint Construction Technology

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. Retention receivable and payable is different from accounts receivable and payable. According to Steven J.

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#134:  30-Day Accountings for Subcontractor/Supplier Mechanic’s Liens

NH Construction Law

” The notices triggering this accounting requirement can be given to the owner before the first labor or materials get furnished ( RSA 447:5 and RSA 447:7 ) or after ( RSA 447:6 ) – but in either event, written monthly updates of the amount owed are required. Bostwick , 69 N.H. McGranahan v. Standard Construction Co. ,

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HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018

Viewpoint Construction Technology

HR, Finance and Accounting Professionals: Learn How to Work Smarter Not Harder at Collaborate 2018. In the back office, accounting and HR teams are the workhorses that get these tasks done day in and day out. Viewpoint understands the challenges you face as an accounting, HR or other back-office professional. Don’t miss out!

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New collaborative framework expected for School Rebuilding Programme

Construction Law

The Department for Education (DoE) is to launch a new collaborative contractor framework to speed up delivery of projects under its flagship School Rebuilding Programme. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

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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. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). Determine how to account for each lease.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

Contractors today deal with challenging projects, often with multiple performance obligations. The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. Here are some of the important steps: . Identify the Contract.