Lets Build

DECEMBER 2, 2022

It requires written standards that can be referred to at any time by employees, sub-contractors, and clients alike. Issues may arise around ownership and accountability, roles and responsibilities, tools and materials.

Management 156

Management Construction Risk Cash Flow 156

Construction Business Owner

JANUARY 30, 2011

ACCOUNTING |. Accounting & Finance. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. STRATEGY |.

Contractors 120

Contractors Design Software Software 120

Levelset

AUGUST 26, 2022

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

Insurance 52

Insurance Liability Equipment Agreement 52

Chianelli Estimating

AUGUST 6, 2020

Unfortunately the contractor with work in progress is most vulnerable. Contractors working with a fixed cost contract is the norm and are married to the terms by which it has been agreed upon from the project outset; before Copvid-19 restrictions. Too many contractors vying for the same job . Legal expense. cost overruns.

Estimating 60

Estimating Residential Insurance Commercial 60

Construction Business Owner

JUNE 29, 2012

ACCOUNTING |. Accounting & Finance. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. The contractor doing the work was working for the city at the time. The city was the “general contractor” and owner of this project. STRATEGY |. MANAGEMENT |. SOFTWARE |.

Construction 120

Construction Safety Software Software 120

Construction Business Owner

AUGUST 30, 2011

ACCOUNTING |. Accounting & Finance. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. Construction-specific systems allow contractors to instantly track and analyze job progress and performance.

Construction 168

Construction Software Software Accounting 168

Construction Lawyer

MAY 20, 2009

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.

Liability 40

Liability Green Design Illinois 40

Construction Business Owner

SEPTEMBER 27, 2011

ACCOUNTING |. Accounting & Finance. « Considering New Accounting Software? A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Tags accounting.

Construction 180

Construction Software Software Accounting 180

Construction Law

DECEMBER 2, 2022

It also says that strict benchmarks and assessment criteria will soon require civil engineers to account for the carbon output and sustainability of the infrastructure they design. Those projects failing to meet these criteria may struggle to access financing.

Claims 52

Claims Risk Infrastructure Finance 52

Construction Business Owner

NOVEMBER 8, 2011

ACCOUNTING |. Accounting & Finance. It crystallizes our mission to make contractors’ jobs easier and we put that mission into our own words: “When better is possible, good is not enough.” Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |. MANAGEMENT |.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

AUGUST 18, 2011

ACCOUNTING |. Accounting & Finance. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Public Exposure and Liability on Construction Sites. Tags accounting.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

JANUARY 18, 2012

ACCOUNTING |. Accounting & Finance. Mid-January is a time of reflection for many contractors. There are plenty of construction-specific accounting packages that work the way construction does and can efficiently prepare W2s and 1099s and year-end financial reports. Public Exposure and Liability on Construction Sites.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

MAY 29, 2012

ACCOUNTING |. Accounting & Finance. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

AUGUST 19, 2011

ACCOUNTING |. Accounting & Finance. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. One of my favorite parts of this job is getting to talk with professionals in the industry who work with contractors for a living. STRATEGY |.

Construction 120

Construction Software Software Accounting 120

Lets Build

MAY 7, 2020

In construction, a change order is an aspect of the change management process wherein changes in the construction contract, project scope, project design, construction site conditions, or project schedule are implemented following the approval of the client, contractor, and other relevant project stakeholders (architect, engineer, etc.).

Change Orders 141

Change Orders Construction Contract Schedule 141

Construction Law Monitor

APRIL 29, 2014

Contractors know this scenario very well. Many contractors do not know what to do once they receive a lawsuit. These players include: the owner, general or prime contractor, subcontractors, laborers, suppliers and equipment lessors. A corporation or limited liability company is not an individual. What Happens Next?

Contractors 68

Contractors Louisiana Contract Negotiation 68

Construction Business Owner

JUNE 29, 2012

ACCOUNTING |. Accounting & Finance. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Contractors need to proactively evaluate and address how project teams – including subs and vendors – are communicating. Tags accounting. STRATEGY |.

Construction 136

Construction Documentation Software Software 136

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. For instance, a plumber who fails to properly lay a pipe could cause water damage that leads to an expensive repair for the general contractor.

Liability 52

Liability Insurance Injury Contract 52

Construction Business Owner

NOVEMBER 22, 2011

ACCOUNTING |. Accounting & Finance. Many contractors go into business because they’re great at what they do. I know a successful excavating contractor that took over his father’s grave digging business when he was younger. Public Exposure and Liability on Construction Sites. Tags accounting.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

OCTOBER 26, 2011

ACCOUNTING |. Accounting & Finance. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

OCTOBER 10, 2011

ACCOUNTING |. Accounting & Finance. What happens when construction expert George Hedley gathers 15 different contractors from all over the country, puts them in a room for 2 days and leads an open discussion? What I can tell you is encouraging: There are contractors who are succeeding in this economic climate. STRATEGY |.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JUNE 15, 2012

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Business Owner

JULY 12, 2012

ACCOUNTING |. Accounting & Finance. « Public Exposure and Liability on Construction Sites. Let’s look at a few important improvements that most contractors can make. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software.

Construction 136

Construction Documentation Software Software 136

Construction Business Owner

FEBRUARY 16, 2012

ACCOUNTING |. Accounting & Finance. » Contractors Seeking Credit Should Prepare to be Prepared. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software.

Banking 120

Banking Construction Cash Flow Finance 120

Construction Business Owner

JANUARY 6, 2011

ACCOUNTING |. Accounting & Finance. There is just something special about being around contractors. One of the things I enjoy most about my position at ComputerEase is that I have the opportunity to deal with different contractors everyday and have the opportunity to help them with their construction software needs.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 2, 2011

ACCOUNTING |. Accounting & Finance. For those of you contractors doing government work: relish the competition involved with bidding. My company’s flagship product continues to evolve, and we constantly have one goal in mind: to be the industry leader in new sales for construction accounting software. Tags accounting.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

SEPTEMBER 13, 2011

ACCOUNTING |. Accounting & Finance. « Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. » Considering New Accounting Software? Kids are back at school, football has started up, and contractors all over the country are starting to consider new accounting software.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 2, 2012

ACCOUNTING |. Accounting & Finance. As a general contractor a few years ago, I was working on a tenant improvement project. And because of the environment we work in, there are procedures to be followed, communication channels to be adhered to and process that has to happen to keep things legal and everyone properly informed.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

APRIL 1, 2011

ACCOUNTING |. Accounting & Finance. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |.

Cash Flow 120

Cash Flow Construction Software Software 120

Construction Business Owner

APRIL 5, 2012

ACCOUNTING |. Accounting & Finance. We’re all familiar with the actuary tables that are used to set the rates for car insurance and that take into account many factors contributing to risk such as age, location, type of vehicle, driving record, and more. Contractors work in the middle of a chain of risk passed onto them.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

FEBRUARY 17, 2011

ACCOUNTING |. Accounting & Finance. I know a lot of construction business owners (especially contractors who have grown their small businesses into medium-sized companies) who were once “digging graves with a shovel.” But should you rely on spreadsheets for accounting and jobs analysis? STRATEGY |. MANAGEMENT |.

Construction 149

Construction Software Software Accounting 149

Construction Business Owner

APRIL 19, 2012

ACCOUNTING |. Accounting & Finance. Connection between our company and our customers, between industry peers, between contractors and their project teams. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |.

Construction 120

Construction Software Software Conference 120

Construction Business Owner

APRIL 26, 2012

ACCOUNTING |. Accounting & Finance. Greg is a Principal at Mountjoy, Chilton, Medley LLP , a CPA firm with a team of accountants dedicated to construction accounting. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Tags accounting.

Change Orders 120

Change Orders Construction Profitability Software 120

Construction Business Owner

OCTOBER 14, 2011

ACCOUNTING |. Accounting & Finance. As a former general contractor, I have a lot to say about the operations side of change orders. This is where accountability comes in to play. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |. MANAGEMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

OCTOBER 12, 2011

ACCOUNTING |. Accounting & Finance. You deserve a great support system, so make sure you do your research when looking into new construction accounting software, or any software for that matter! Public Exposure and Liability on Construction Sites. Tags accounting. accounting software. STRATEGY |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 19, 2011

ACCOUNTING |. Accounting & Finance. Relationship between the designer and the contractor » The Difference Between Selling Used Cars and Selling Software. They just plod along telling unsuspecting contractors that their software can do everything imaginable. Public Exposure and Liability on Construction Sites.

Construction 136

Construction Software Software Accounting 136

Construction Business Owner

MARCH 1, 2012

ACCOUNTING |. Accounting & Finance. There’s been a lot of talk about BIM and more recently IPD as project collaboration solutions, but adoption by contractors has been slow. With these improved technologies, we’ll see healthier projects and cash flow, not to mention happier contractors. Tags accounting. STRATEGY |.

Cash Flow 120

Cash Flow Construction Software Software 120