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

Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. Every construction work begins with legal approval. The kata simulates the account , and documents are essential when conducting land from one to another. Khata Deed.

professionals

Sign Up for our Newsletter

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

article thumbnail

What to Consider Before Changing Law Firms

Construction Business Owner

Sub-par performance is simply not acceptable, whether you’re talking about the company’s legal counsel, its accountant, IT consultant or the company responsible for cleaning the offices. But every vendor is crucial to the company’s success.

Legal 198
article thumbnail

It’s No Big Deal: How a Non-Small Business Won a Small Business Set-Aside Contract

Federal Construction Contracting Blog

the Government Accountability Office (GAO) upheld the U.S. The protestor argued that the Small Business Administration (SBA) Office of Hearing and Appeals (OHA) decision to vacate an earlier SBA Area Office’s size determination that found the awardee to be an eligible small business concern required that the USCG terminate the award.

article thumbnail

Presenting At Green Legal Matters This Week in New Orleans

Construction Law Monitor

The unavoidable marriage between the green and construction industries is why our construction law practice has paid very close attention to green legal issues. The first ever conference focusing on the green industry’s legal issues is taking place this week in New Orleans, LA, Green Legal Matters.

Legal 58
article thumbnail

What Causes Construction Project Delays?

Viewpoint Construction Technology

Unfortunately, many contractors are still relying on non-integrated, on-premise software solutions, which often means data reporting is delayed between the field and office, and those tasked with analyzing project productivity are often working from information that is days, weeks, even months old. Lack of Effective Communication.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. The end of December didn’t just bring about New Year’s resolutions – it brought the end of the yearly accounting cycle. Needless to say, most accounting departments are rather busy right now. Tags accounting. accounting software. Construction Accounting Software.