Construction Law Monitor

APRIL 10, 2014

The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. You have a pre-debt fact gathering and document filing stage, as the first phase.

Debt 56

Debt Commercial Accounting Louisiana 56

Construction Business Owner

JUNE 1, 2022

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Accounting & Finance.

Leases 177

Leases FASB Accounting Finance 177

Levelset

AUGUST 16, 2022

To grow a construction business, contractors often pursue larger projects. Whenever you need to get construction bonds to perform work on a proposed project, your priority is to show the surety company how you plan to manage the particular risks and minimize the downside. Scope of work compared with past projects.

Risk 52

Risk Cash Flow Construction Banking 52

Construction Marketing

JANUARY 25, 2023

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs.

Commercial 206

Commercial Leases Regulation Finance 206

Work Gearz

SEPTEMBER 22, 2020

But is it possible to construct a whole building without considering a traditional mortgage or a construction loan? What construction loan is? How construction loan work. What are Construction Loans? The three most common types of construction loans are: 1.) How Does the Construction Loan Work?

Construction 40

Construction Finance Comparison Drawings 40

Contractor Bookkeeping

AUGUST 16, 2013

Construction Bookkeeping Vs. Regular Bookkeeping. Bank Balance - Un-cleared Checks) = Cash. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Bookkeeping Has These Things In Common: Sales - With 1-10 categories. Bank Account - Escrow Deposits.

Work in Progress 58

Work in Progress Accounting Construction Leases 58

Levelset

JULY 5, 2022

Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. In contrast, a mortgage is a voluntary lien , because you sign papers giving the bank a lien on your property until you pay off the balance and interest.

Lien 96

Lien Legal Bankruptcy Claims 96

Contractor Bookkeeping

JUNE 1, 2013

The First Place to start is an understanding the real profit in any construction is made in the office, not in the field because hard work in the field cannot overcome bad strategy from the office. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If

Products 48

Products Profitability Construction Cash Flow 48

Contractor Bookkeeping

MARCH 7, 2013

This is a special type of bookkeeper who BS's their way into a job as a construction bookkeeper with little or no construction accounting skills and in a short time find themselves in over their head with no way out except to keep the game going until they are discovered. At that point he knew something was very, very wrong.

Cash Flow 49

Cash Flow Contractors Banking Accounting 49

Green Building Law Update

SEPTEMBER 11, 2016

Baltimore is proposing to allow the PACE financing of any equipment, device or material intended to improve energy efficiency, including in new construction (e.g., providing opportunities to separately finance the top 20% of a construction project or.), Maryland is typical.

Baltimore 120

Baltimore Maryland Finance Residential 120

Contractor Bookkeeping

MARCH 9, 2013

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. The thinking appears to be: "I have low price work so I need to cut costs by hiring a part-time secretary that can do everything including my construction bookkeeping.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Contractor Bookkeeping

FEBRUARY 5, 2014

Tax Season Is Here and this is when most construction contractors think about getting their construction bookkeeping system in order so they can file their annual tax return for the previous year. Each Branch Of Accounting serves a different function similar to how it works in construction. Why Not All Three? Most C.P.A.

Accounting 48

Accounting Construction Profitability Contractors 48

Contractor Bookkeeping

DECEMBER 13, 2013

Every Day Hundreds of construction company owners across the country and around the world are arriving to work with a full work load of projects that "Absolutely, Positively Must Get Done Today" only to find their bookkeeper is gone. And Worst Part Is - She had no idea that Construction Accounting is the hardest bookkeeping of all!

Deals 48

Deals Accounting Banking Contractors 48

Contractor Bookkeeping

AUGUST 29, 2013

hours of labor costs in the course of four years it would meet most Construction Company''s Investment Return on Investment Hurdle Rate. Which means if they invest $100 today we would like to see the money back in the company bank account in four years? How will it affect the debt to equity ratio? What about discount rates?

Contractors 51

Contractors Accounting Banking Project Management 51

Contractor Bookkeeping

DECEMBER 3, 2013

For QuickBooks Setup we have built a custom set of step-by-step checklists to make certain we do a proper job of QuickBooks Setup for Construction. Considering we have been doing construction accounting since 1991 that should give you some insights as to how difficult it is to setup any accounting program. Chart of Accounts Bad Debts.

Accounting 48

Accounting Washington Leases Insurance 48

CivilJungle

AUGUST 8, 2022

Every construction work begins with legal approval. Before purchasing land is essential to verify the construction fulfillment certificate, so there is no problem after buying a property. Also Read, All About Gabion Wall | What Is the Purpose of the Gabion Wall | Gabion Wall Construction. Commencement Certificate.

Legal 52

Legal Documentation Certification Agreement 52

Contractor Bookkeeping

AUGUST 27, 2014

Did someone setup QuickBooks by trying to follow the built in template inside QuickBooks and you figured out you cannot get any of the financial and job costing reports you need to operate and grow your construction company? We Do QuickBooks Setup For Construction Beginning With Year 2000 And Up. Of course you are! User Permissions.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Buisness Facilities Contributed Content

MARCH 9, 2016

The loans may finance the purchase, construction and installation of buildings or equipment that will add economic value to goods, services or resources within the state. Loans or loan guarantees cannot be used to fund past business or construction expenditures and not serve as a refinance mechanism. 9-4-715 (m).

Wyoming 40

Wyoming Finance Debt Equipment 40

Buisness Facilities Contributed Content

MARCH 9, 2016

Working capital loans and the refinancing of existing debt are not eligible. Indirect Loans: The West Virginia Economic Development Authority provides a loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing.

West Virginia 40

West Virginia Virginia Income Finance 40

Contractor Bookkeeping

MAY 5, 2014

Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. In some cases they may not even remember you or your construction company name. Construction Accounting As It Relates To Service Agreements.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Contractor Bookkeeping

AUGUST 29, 2014

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

Cash Flow 48

Cash Flow Management Contract Accounting 48

CivilJungle

JULY 21, 2022

Buildings that are constructed on freehold lands are usually more valuable and costlier than buildings that are constructed on leasehold land. 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.

Income 52

Income Estimating Housing Comparison 52

Contractor Bookkeeping

AUGUST 13, 2014

If You Could Harness And truly understand even half of the information contained within your existing QuickBooks company file and I mean truly understood it, you could easily become a wealthy enough to be debt free and be living the lifestyle you truly deserve in five years or less. Every Ten Minutes Your Construction Worker Costs You $5.94.

Contractors 48

Contractors Accounting Profitability CA 48

ENR Construction

JULY 22, 2012

Construction Methods. Banking & Credit Crisis. --> Companies. Construction Technology. Construction Schools. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Power & Industrial. Water & Dams. Rebuilding Japan.

Equipment 72

Equipment Contractors Las Vegas FAQ 72

Construction Test

MAY 5, 2020

Most others estimated they had money in the bank to keep going for another three months at most if the lockdown — which is preventing the vast majority of dentists from providing anything but free telephone advice — continues that long. Stock image). There is no doubt that many practices will be forced to shut down due to financial pressure.

Employment 26

Employment Banking Income Debt 26

Construction Lawyer

MAY 21, 2009

Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.

Lien 40

Lien Illinois AIA Chicago 40

DebunkTheBIM

AUGUST 31, 2013

Nathan Zraicat looks proudly over the Melbourne construction site as the photo gets taken (REF 01), with his hardhat, safety vest and glasses, a poster boy for the AEC industry and the company he works for, Leighton. The second group, a small minority would also say ‘no it is not’ but would not believe or live by this statement.

Roads 53

Roads Deals Management Drawings 53

Contractor Bookkeeping

SEPTEMBER 13, 2013

When you see anyone not swinging a hammer, drilling holes, pouring concrete, laying carpet, putting paint on the walls or a thousand other construction tasks the first thing you think is they are wasting time and money and you want no part of that nonsense! When you were a child you enjoyed surprises but not in your construction company.

Plans 48

Plans Contractors Cash Flow Profitability 48

Contractor Bookkeeping

OCTOBER 18, 2012

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the rolling waves of the business cycle like a large ocean liner on the high sea. Incidentally the size of your construction company is not as important as how much money you earn from it. Of course you are!

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Contractor Bookkeeping

JUNE 10, 2013

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle much like a large ocean liner on the high sea. Incidentally the size of your construction company is not as important as how much money you earn from it.

Work in Progress 48

Work in Progress Accounting Profitability Insurance 48

Buisness Facilities Contributed Content

MARCH 9, 2016

High Performance Building Program (HPB): (newpa.com/hpb) Provides financial assistance in the form of grant or loan funds that will be used by eligible applicants to underwrite the cost premiums associated with the design and construction or major renovation of high performance buildings in the Commonwealth. Guaranteed loans up to $500,000.

Pennsylvania 40

Pennsylvania Zoning Finance Liability 40

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 . Debt and equity financing assistance. loan origination fee. Use alternative fuels .

Oregon 40

Oregon Zoning Finance Income 40

Natural Building

OCTOBER 17, 2009

I find that going from conventional construction to superinsulation adds no more than 5% to the cost of a house and the payback is enormous, both in energy savings and comfort. Some banks are offering higher debt-to-income ratios to mortgagees who buy or build highly efficient homes, since they need so much less income to operate it."

Green 45

Green Sustainability Architecture Housing 45

Buisness Facilities Contributed Content

MARCH 8, 2016

Tax-exempt bonds for eligible for-profit companies can be used to finance capital improvements and expansions, including real estate acquisitions, new equipment, machinery, building construction and renovations. or Up to $5 million TD Bank line of credit with partial, subordinate EDA guarantee of up to 50%, not to exceed $500,000.

New Jersey 40

New Jersey Finance Banking NJ 40

Business Facilities

JULY 11, 2014

Oregon Capital Access Program (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 may be feasible for financing smaller projects, particularly within the $500,000 to $5 million cost range.

Oregon 49

Oregon Finance Income Zoning 49

Construction Lawyer

SEPTEMBER 22, 2005

Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.

Lien 40

Lien Illinois AIA Chicago 40

Construction Marketing Ideas

APRIL 22, 2016

After some initial experiments, I decided that we develop architectural, engineering and construction community publications, with a focus on regional titles. Debt is a pain. Bank debt can be a killer. Bank debt can be a killer. Trade credit is unsecured.

Debt 48

Debt Banking Organization Income 48