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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

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
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Types of Capital for Construction Businesses

Levelset

Construction companies need capital to get off the ground, stay in business, and keep growing. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need a solid understanding of capital to run a successful business. .

Debt 97
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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

Not to mention there is anecdotal evidence from the first LEED Zero projects that the required integrated process has reduced change orders by a magnitude of up to 90% resulting in dramatic reduced total construction costs. Real estate has been and remains the largest sector in the U.S. It is time to dare and endure.”.

Green 293
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. MARKETING |. INSURANCE |. EQUIPMENT |. Green Building.

Banking 120
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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. The rate of retention is stipulated in the construction contract and can often be negotiated. Both retention accounts are shown as current assets and current liabilities, respectively. According to Steven J. Fariba Mehdian.

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How COP27 Impacts Real Estate: Pricing Real Estate Climate Risk

Stok

Guest post by Joe Miller , Member of USGBC Delegation to COP27 One topic of urgent and primary focus at COP has been around how and who will finance the changes of climate change. ALIGN ON STANDARDS Some additional takeaways from all discussions at COP are the need for alignment, clarity, and accountability of standards.

Risk 52
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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

Construction contracts often require that each hired specialty contractor maintain a minimum level of insurance coverage, and a COI will reflect that status. In this article, we’ll explain what contractors need to know about COIs, when they are needed, and how they work in construction. Why a certificate of insurance matters.