Contractor Bookkeeping
JULY 22, 2022
A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due.
Levelset
MARCH 21, 2022
Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. Restoration contractors can spend a lot of time waiting for payment.
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Construction Equipment
MAY 25, 2018
Postal Inspection Service , Indiana States Attorney Josh Minkler has announced federal charges against six individuals, including a former regional construction project manager of a bank, who are alleged to have operated a multi-level scheme to defraud and embezzle over $8 million from a Pennsylvania-based bank and a Pennsylvania insurance company.
Levelset
OCTOBER 13, 2022
To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.
Construction Law
FEBRUARY 2, 2024
Legislation state of play table Our regular round up of procurement related key announcements from government departments and agencies and third parties compiled by Construction Law staff. Insurance Contracts Works policies Insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies.
Construction Law
DECEMBER 5, 2023
News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. There are pitfalls for the unwary, he warns – and for the insurers as well.
ENR Construction
JANUARY 20, 2020
To make the projects more bankable, the hospitals and government contributed $279 million towards construction, which was “considerably more than was usual,” according to the auditors.
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