Levelset
SEPTEMBER 14, 2022
. “If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. For electronic recordkeeping, bookkeeping, and accounting, cyber insurance is a must-have.
Best Practices Construction Law
NOVEMBER 26, 2012
Too many times I have represented parties who either "did the deal on a handshake" or "never signed the contract." When drafting subcontracts, consider using a "pay when paid" or "pay if paid" clause so that payment is tied to when you receive payment from the owner. Project Management Tips.
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Best Practices Construction Law
AUGUST 29, 2012
DBE fraud can involve a broad range of schemes, but the most misunderstood issue deals with identifying whether the DBE expenditures count toward the DBE goal. Following is a lost of selected "red flag" indicators of DBE fraud: DBE owner lacking the background, expertise or equipment to perform the subcontract work.
Contractor Bookkeeping
FEBRUARY 14, 2014
A lot of contractors would like to subcontract out their bookkeeping services and the two main reasons they don''t is fear of losing control and cost. The first step in Best Practices is "M" for "Marketing" then "A" for "Accounting" followed by ""P" for "Production". Who will service my account? & P.A.M.". Can my C.P.A.
Job Order Contracting
JULY 25, 2018
Lean construction delivery methods assure that all parties (owners, builders, AEs, building users, …) know and understand their contract / subcontract and the associate project before it is executed and before a project starts. Seek solutions from appropriate team members.
Pro Builder
MARCH 11, 2021
Now consider the software side, which deals with the home building process —anything from back-office accounting, purchase orders (POs) and variance purchase orders (VPOs), options and selections management, sales management, scheduling, warranty management, and BIM (building information modeling), etc. . The Missing Link?
Rory Woolsey
MAY 31, 2012
With general contractors subcontracting the bulk of their projects this is a reasonable place to start the marking up. We deal with them all the time. For us budgetary estimators an estimate contingency is a “catch all” to account for missing, poor defined or hidden scope of work.
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