Remove Accounting Remove Documentation Remove Legal Remove Resource
article thumbnail

New Legal Guide and Resource For Your Construction Business

Construction Marketing

Whether just starting out or operating for years, there are many legal obligations and issues that confront a small business owner. The Small Business Legal guide from Legal Services Link provides information on the top ten areas business owners need to address to ensure their businesses are legally protected.

Legal 120
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 178
professionals

Sign Up for our Newsletter

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

article thumbnail

6 Benefits of Contractor Management Services

Safety Services Company

Staying compliant, including meeting internal standards, is crucial for legal requirements and stakeholder trust. They maintain your contractor management accounts (e.g. They maintain your contractor management accounts (e.g. complete the necessary paperwork, and provide you with training resources to help you with compliance.

article thumbnail

Job Order Contract Implementation

Job Order Contracting

Stakeholders need to clearly discuss and establish the goals of the job order contract, associated milestones, timelines, and resource requirements. From an owner perspective stakeholders include senior management, project management, administrative, accounting, purchasing, building uses, and legal staff.

Contract 100
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. It is important to review all Job Order Contract provisions to assure avoidance of any unnecessary financial risk or potential legal issues. [1].

Contract 100
article thumbnail

Credible Construction Estimate Core Elements

Job Order Contracting

GAO, 2009 The associated processes for developing a credible construction cost estimate are equally well documented. “Despite the fact that these basic characteristics have been published and known for decades, we find that many agencies still lack the ability to develop cost estimates that can satisfy them”. –

article thumbnail

Construction quality management: Everything you need to know

Lets Build

A construction quality management plan should be drafted as a standard document, to be applied to all future projects. In the same way, Excel isn’t suitable for running complex construction projects , one document may not cover all eventualities or project types. Creating a plan. The former is clearly preferable to the latter.