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Tax spotlight turning on CIS materials claims by subbies

Construction Enquirer

HM Revenue & Customs is turning the spotlight on claims for rising materials costs under the industry’s CIS tax scheme. It’s quite apparent that this is part of a targeted campaign aimed at challenging the materials cost element included in invoices submitted by subcontractors for services provided to contractors. “A

Claims 100
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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. But rarely are such amounts updated in 30-day intervals.

Lien 40
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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment. Validate Contractor and Subcontractor Quotes Obtaining comparative bids on all subcontracted work will not provide sufficient cost visibility. Controlling Construction Costs is not rocket science 1.

Travel 177
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The Five Basics of Fundamentally Sound Construction Operations

Cassell Construction Estimating

Take off material in reasonable detail; don’t get bogged down in minutiae d. Obtain signed Subcontract quotes for the ENTIRE scope of sub tasks 2. Conversion to Accounting (Successful Projects only) a. Take a consistent, organized approach (computer OR manual) c. Focus on managing your biggest risk- LABOR i.

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Choose With Care: Tennessee Federal Court’s Prompt Payment Conclusions Turn on Choice of Law Clause

Constructlaw

Relyant subcontracted with Federal Engineers and Constructors, Inc. (FE&C). Relyant later terminated its subcontract with FE&C. Under FE&C’s theory, it was entitled to recover interest under a subcontract provision that generally incorporated all “terms and conditions … required by law.”

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No Free Warranty: Connecticut Court Adopts Correction or Repair Test

Constructlaw

ALS’s subcontract permitted the DOT to hold back 60% of its payments to assure ALS would warranty the work, which ALS did with site checks performed between June 2019 and May 2020. Contractual obligations must be structured to account for statutes of limitations on bond claims. ALS completed its removal work in August 2018.

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Henry Construction supply chain hit for over £43m

Construction Enquirer

Joint administrators Geoff Rowley and David Hudson at FRP blamed the firm’s sudden demise after reporting solvent accounts a year before on a sudden squeeze on fixed price contracts from materials and labour inflation. “However over the past two years, construction costs rose on average by 24.5%