Feds warn banks to look out for construction fraud
Construction Dive
AUGUST 21, 2023
A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.
Lower Workers' Compensation Costs by Having a Plan
Pro Builder
NOVEMBER 17, 2020
Lower Workers' Compensation Costs by Having a Plan. Having comprehensive plans in place are the most impactful way to mitigate workers’ compensation costs, says the National Association of Home Builders. cbroderick. Tue, 11/17/2020 - 09:55. When that happens, there should be another plan in place. Read more to see what they suggest.
Compensation 
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FMI Releases a Study on the Effectiveness of Incentive Compensation
Construction Business Owner
JUNE 17, 2013
June 13, 2013) – FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2013 study on the effectiveness of incentive compensation in the U.S. RALEIGH, N.C. construction industry.
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What Are the Components of a Truly Effective Incentive Compensation Program for Construction Companies?
Construction Dive
JUNE 19, 2013
offers a slew of advice for construction companies that are thinking about launching or improving an incentive compensation program. A new report from FMI Corp.
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How Industry Leaders Are Trying to Recruit a New Generation of Workers
Pro Builder
OCTOBER 28, 2021
These fears are not entirely unfounded, said Priya Kapila, compensation practice leader at FMI Corp., a consulting and investment banking firm that works with clients in construction, engineering and similar sectors.
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Highly Profitable Contractors Control Who Receives Company Information
Contractor Bookkeeping
SEPTEMBER 29, 2017
The primary keeper of all the documents is you, your spouse, your employees, your suppliers, your bank, your credit card company. Worker’s Compensation Provider. The Key work is done by you, or whoever assists you have the power to give information to outsiders about your Construction Company. Who wants details about your business?
Housing’s Great Rethink: Workforce Development Takes Center Stage
Pro Builder
DECEMBER 7, 2022
These exits weren’t just about compensation, either. In manufacturing and construction—industries that generally pay well—quits outnumbered swaps, according to the Federal Reserve Bank of St. He called for an all-hands, industrywide effort to bolster training, compensation, diversity, and productivity. as of September 2022?
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4 Tips for Hiring a Reputable Plumbing Contractor
Construction Marketing
JULY 30, 2019
The benefit of banking on such referrals is that their skills and experience have already passed the test of time. Moreover, your home insurance company can’t compensate you for the damages that are caused by a plumber that’s not licensed and insured. Price and Warranty.
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6 Ways the COVID-19 crisis will reshape the construction industry
Lets Build
MAY 11, 2020
It is now apparent how critical it is to provide compensation and support to employees as strict community quarantines are placed. For instance, companies that depend on bank checks and physical forms need to find other means to distribute payment. Payroll needs to have a solid digital infrastructure with remote accessibility features.
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Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020
Green Building Law Update
JANUARY 19, 2020
The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. Buried in the more than 800 page Consolidated Appropriations Act signed on March 23, 2018 was Division N, the ‘‘Brownfields Utilization, Investment, and Local Development Act of 2018’’ (the BUILD Act).
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Bridging the gap: Why it is so hard to grow a business (and why it may not be necessary to grow it)
Construction Marketing Ideas
MAY 2, 2016
The conversation with the well-established (but certainly not large) residential renovator about the problems of workers compensation and employee misclassification took on an unexpected turn, when the contractor explained how he justifies ensuring that everyone on his job site is an “independent contractor.”
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Redundancy is the first line of defense during power grid cyberattacks
CK Power
NOVEMBER 23, 2021
When outages affect banks, customers can no longer pay bills, withdraw cash or swipe their debit cards for groceries. It also leaves banks open to fraud by opportunists who may impersonate customers to access their accounts, which is more than a mere inconvenience. At best, power outages are inconvenient.
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I Just Read my 1000th Phase I Environmental Site Assessment this Year
Green Building Law Update
AUGUST 30, 2020
The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. 9601 et seq., provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs).
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Alignment of Road | Alignment In Design | Horizontal Alignment of Road | Vertical Alignment of Road
CivilJungle
JANUARY 19, 2021
All the curves of roadway need a superelevation for banking of the curve, to resist vehicles from slipping, allow all the vehicle to run at a uniform speed. Grade Compensation. Grade Compensation: When the horizontal curve lies in a vertical curve, then there is resistance is created by a circular curve. Vertical Curve.
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Alignment of Road | Alignment In Design | Horizontal Alignment of Road | Vertical Alignment of Road
CivilJungle
JANUARY 19, 2021
All the curves of roadway need a superelevation for banking of the curve, to resist vehicles from slipping, allow all the vehicle to run at a uniform speed. Grade Compensation. Grade Compensation: When the horizontal curve lies in a vertical curve, then there is resistance is created by a circular curve. Vertical Curve.
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15 Tips For Starting Your Own Roof and Guttering Business
Construction Marketing
FEBRUARY 11, 2021
Insurance, liability, and workers’ compensation . 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. Start with General Liability Insurance and the Workers’ Compensation Insurance. . Roofing equipment and materials.
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It’s All a Matter of [Statutory] Construction: Supreme Court Narrowly Interprets the Good Faith Dispute Exception to Prompt Payment Requirements in United Riggers & Erectors, Inc. v. Coast Iron & Steel Co.
Construction and Infrastructure Law
MAY 16, 2018
Given the remedial purpose of the statute to protect the right to fair compensation for contractors, laborers, and suppliers, the Court determined that it must construe Section 8814(c) narrowly. Contract Code § 7107(e), and holding any bona fide dispute can justify withholding retention payment), with East West Bank v.
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When Being A Licensed Contractor Is Just Not Enough!
Contractor Bookkeeping
SEPTEMBER 25, 2013
Suddenly just like any other employee you owe Worker’s Compensation, State and Federal Unemployment. As an employer among your responsibilities are these: Pay workers’ compensation. If they have employees check their workers’ compensation account and claim history. Did you mail your renewal to the wrong mailing address?
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PSMJ Resources Blog: Construction job openings, pay rose at.
PSMJ Resources
FEBRUARY 10, 2012
Compensation (wages, salaries and benefits) in private industry rose 0.4% Compensation in constructoin increased 0.5% But generally, banks remain conservative in their lending.” ” According to a quarterly survey released by the Federal Reserve on January 30 of senior loan officers at 56 domestic banks and 23 U.S.
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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?
Levelset
OCTOBER 13, 2022
Most COIs give information on general liability insurance, but can also be used to show proof of commercial automobile or workers compensation coverage. You may secure funding for equipment through a bank or other lender. When do I need to provide a COI? A supplier provides you with tools and building supplies.
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New Hampshire Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
Export-Import Bank; U.S. The employees will receive partial unemployment compensation, enabling the employer to maintain its skilled workforce and quickly resume operations when conditions improve. OIC also works with the U.S. Department of Commerce; U.S. The training program may be up to six weeks and maximum of 24 hours per week.
Checklist for Hiring a Builder or Remodeler
Green Home Design Architect
MAY 21, 2010
Does the builder or remodeler have a permanent business location and a good reputation with local banks and suppliers? Does the builder/remodeler have sufficient workers compensation and general liability insurance? How long have they been in the building business? Have you called your local Better Business Bureau?
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The Importance of Valves in Green Building
Constructonomics
AUGUST 14, 2012
Along with her undying gratitude was the pledge of compensation when she returned. Architects today do more than just slap a few solar panels on the roof and install a bank of batteries to store energy when they’re designing green buildings. She assured me that the dog would not be any trouble.
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100 I’ve Received Contractor Lawsuit. What Happens Next?
Construction Law Monitor
APRIL 29, 2014
Other types of damages exist but courts like to compensate with money. Once a judgment is rendered against the party who is sued, then bank accounts, garnishments and property are all options for a quick collection. This undoubtedly will be money damages. What Happens Once I Am Served With The Lawsuit. The clock starts running!
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What Is Building Valuation | Purposes of Building Valuation | Building Valuation Methods
CivilJungle
JULY 21, 2022
Before giving a loan the banks usually take a mortgage. In case the person is unable to pay the debt, the property is seized by the bank, and the loan amount is recovered. In such cases compensation is paid to the owner of the property. In the case of acquiring a building, the owner is to be paid some compensation.
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Traveller letters: Why should we pay 50 per cent more to have middle seats kept empty?
Construction Test
MAY 9, 2020
These are the same airlines that have been propped up, can “bump” you off a flight and don’t have to give consumers compensation in any circumstances. It feels like I’ve paid for 12 months of cover, for which NIB can just bank as free money for no service. What was I thinking?
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HOW TO GROW YOUR FIRM IN THIS “SUDDENLY BETTER” ECONOMY
PSMJ Resources
AUGUST 12, 2009
Lock in a 5-10 year commitment from your bank on your Line of Credit INTEREST RATE before rates goes through the roof 4. Go immediately to a 4 day work week cutting compensation by 20% and rotating to teams days off on Monday and Friday so your office is ALWAYS open 2. Including PARTNERS and PRINCIPALS from other firms 2.
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40 Oregon Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 9, 2016
Oregon Capital Access (CAP) Program: The CAP helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. Express Bonds: are placed with the borrower’s bank; and . Participating employers are compensated through a reduced federal income tax liability. .
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Pennsylvania Incentives and Workforce Development Guide
Business Facilities
JULY 11, 2014
Pennsylvania Capital Access Program (PennCAP): PennCAP is a loan guarantee program that provides banks with a flexible and non-bureaucratic tool to make business loans that are somewhat riskier than conventional bank loans, in a manner consistent with safe and sound bank regulations. The maximum guarantee is $500,000.
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45 BUSINESS REPORT: Virginia’s High-Tech Economy Keeps Growing
Buisness Facilities Contributed Content
OCTOBER 16, 2012
It is a right-to-work state, has a fixed 6 percent corporate income tax rate and has one of the lowest average workers’ compensation costs and unemployment burdens in the U.S., Virginia has been making headlines as a great state for business with several favorable factors. CNBC ranked Virginia as America’s Top State for Business for 2011.
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Unique Tips To Reduce Construction Company Start Up Stress
Contractor Bookkeeping
JUNE 20, 2014
Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.
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Contractor's Networking Secrets To Increase Sales And Profits
Contractor Bookkeeping
JULY 18, 2013
It would be foolish for them to provide the services and not be compensated fairly. Stephen Covey describes it as "The Emotional Bank Account." Some of the best lessons came from makers who were the most successful sales people, men and women because they all talked about giving more in value than you take in compensation.
Pennsylvania Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 9, 2016
Pennsylvania Capital Access Program (PennCAP): (newpa.com/penncap) Loan guarantee through participating banks to be used to support a wide variety of business purposes such as land, building, equipment and working capital. Guaranteed loans up to $500,000.
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40 New Contractor Business Start Up
Contractor Bookkeeping
JUNE 15, 2012
Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.
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We Reduce Construction Company Start Up Stress
Contractor Bookkeeping
JANUARY 2, 2015
Did You Go To Your Bank - And they offered to give you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. This is getting very stressful.
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Best Universities for Masters in Architecture in the USA | Masters in Architecture in USA 2022
CivilJungle
APRIL 29, 2022
According to AIA Compensation Report, the appropriate annual salary of architects expanded by 2% from 2017 to 2019. Overseas visits will always hit your bank balance, so determine whether your course concerns mandatory travel. The Bureau of Labor Statistics undertakes an 4% employment expansion for Architects between 2018-and 2028.
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A glossary of terms with reference to Construction Cost Estimating
Construction Cost Estimating
JULY 1, 2014
Bond - in construction, a performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. Labor burden is the cost of payroll taxes and insurances (such as Workers'' compensation) which the employer must pay to employ workers. Example: Wage rate is 10.00/hour,
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Hard Hats & Crafts – Celebrating Women Leaders in Construction Safety
Construction Junkie
MARCH 9, 2021
So many, US Bank, Target field, Warriors stadium, Climate pledge arena, RR bridge over Mississippi river, built on 5 barges in the water, Golden Gate Bridge suicide deterrent. As a Workers’ Compensation claims representative, I was only involved after the injury occurred. I would have pursued my CSP sooner.
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20 construction industry trends to watch in 2020
Building Radar
JANUARY 14, 2020
They also help to compensate for the lack of skilled workers. For example, Deutsche Bank’s twin towers in Frankfurt am Main, which were built between 1979 and 1984, have been green refurbished and have been saving 67 percent heating energy per year since then.
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52 Rhode Island Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
Income Apportionment – Depository Institutions: Income of banks having a regular place of business outside Rhode Island are entitled to a portion net income using a three-factor formula similar to that used for the corporate income tax. These credits may be taken against the gross premiums tax.
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New Mexico Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
JULY 11, 2014
SWEDFA offers a variety of financing strategies to help fund small business including bank participations, direct loans, loan guarantees and taxable and tax-exempt bonds. The credit can be applied to the state portion of the gross receipts tax, compensating tax and withholding tax. Tax Incentives. Eligible Uses.
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The Pros and Cons of Being Your Own Boss in Architecture
Pro Builder
APRIL 22, 2021
The reality is that “the boss” is compensated for the amount of experience they have but the real money starts to come your way once you have some skin in the game and as your exposure to risk increases, the potential to make more money also increases. You are now at the top of the food chain.
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52 Contractors Need Reports Not Bookkeeping
Contractor Bookkeeping
MAY 31, 2013
Would it be helpful to know more information than just how much and when the checks cleared the bank? I can download from the banks"…."I I need to start being compensated for my time, but want to make sure I am doing it the right way. How high is the stack of paper on your desk? 2”, 4", 6” or more? It’s cheap!"…."I
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48 Contractors Want Reports Not Bookkeeping
Contractor Bookkeeping
MAY 31, 2013
Would it be helpful to know more information than just how much and when the checks cleared the bank? I can download from the banks"…."I I need to start being compensated for my time, but want to make sure I am doing it the right way. How high is the stack of paper on your desk? 2”, 4", 6” or more? It’s cheap!"…."I
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