Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? A cyber loss involving employee and customer information can affect any business, and your construction team is no exception. Consider including a cyber liability policy in your strategy to reduce the impacts of an attack, while helping your team recover faster. . .

Risk 92

Risk Construction Security Bidding 92

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

Constructlaw

JULY 14, 2022

Bank of America, N.A. together, ASD or Owner) contracted Sweet Construction Corp. The Subcontract contained two signature lines, one for “Sweet Construction Approval” and one for “Arenson Office Furnishings Approval.” Subcontractors were to submit payment requisitions to Sweet, which would submit them to bank.

Subcontracting 52

Subcontracting Banking Contract Claims 52

Levelset

OCTOBER 13, 2022

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.

Insurance 52

Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 16, 2022

It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction. Completed operations coverage is bundled with a contractor’s general liability policy. not in progress).

Insurance 52

Insurance Liability Claims Contractors 52

Construction Lawyer

MAY 20, 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.

Liability 40

Liability Green Design Illinois 40

Construction Business Owner

FEBRUARY 23, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. At Dexter + Chaney’s 2011 Users’ Conference, we announced that we were moving to a completely web-based platform for our construction software. Is There No Free Lunch or Construction Software?

Security 120

Security Construction Software Software 120

Contractor Bookkeeping

AUGUST 16, 2013

Construction Bookkeeping Vs. Regular Bookkeeping. Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Accounting Titles = 233. Bank Account - Escrow Deposits.

Work in Progress 59

Work in Progress Accounting Construction Leases 59

Construction Business Owner

MARCH 6, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on?

Construction 120

Construction Software Software Accounting 120

Stok

NOVEMBER 16, 2022

Regarding real estate specifically, the latest Global Status Report released by UNEP this week found that built environment energy consumption has increased beyond pre-pandemic peak levels by 2%, calling for an urgent increase in energy efficiency in both new construction and existing buildings.

Risk 52

Risk Income Liability Banking 52

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. The Key work is done by you, or whoever assists you have the power to give information to outsiders about your Construction Company. General Liability Insurance Provider. Internal Revenue Service.

Profitability 53

Profitability Contractors Compensation Liability 53

Construction Business Owner

MARCH 29, 2012

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. « Lessons in Construction Leadership. The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). INSURANCE |. EQUIPMENT |.

Construction 120

Construction BIM Software Software 120

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. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job. You can also check for testimonials on social media and review sites.

Contractors 120

Contractors Insurance Compensation Liability 120

Construction Business Owner

OCTOBER 14, 2011

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. ” Every construction project is a gamble – you’re betting that your estimate is accurate, that labor and material prices don’t go through the roof, etc. INSURANCE |. EQUIPMENT |.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 20, 2014

Let Us Help Reduce Construction Business Start Up Stress. We Are QuickBooks Experts Specializing In Construction Bookkeeping Services. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Go To Your Bank - And they offer you a line of credit. You say O.K.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

We Are QuickBooks Experts Specializing In Construction. Did You Quit Your Job - And start your own construction company only to discover you need a contractor’s license and bond. Did You Ask A Friend Or Relative - To loan you some start-up capital and they agreed on condition you become equal partners in your construction company.

Construction 48

Construction Insurance Accounting Claims 48

Construction Lawyer

JULY 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.

Banking 40

Banking Deals Illinois AIA 40

Contractor Bookkeeping

JULY 24, 2014

When you own a small contracting company, like a residential remodeler, plumber, electrician, concrete contractor, flooring contractor or any other construction related company it is imperative that you have a good clean set of books that are consistent and updated regularly.

Accounting 48

Accounting Construction Contractors Profitability 48

Contractor Bookkeeping

JULY 30, 2014

This becomes a problem as tax liability is shared between partners. Our niche is Construction Accounting from the Builder (Spec. Fast Easy Accounting is a Seasoned Construction Accountant who understands WIP and when and where to use it. Over a course of time – it will “grate of the nerves” as the partnership becomes lopsided.

Accounting 49

Accounting Housing Construction Contractors 49

Contractor Bookkeeping

JUNE 17, 2013

They Need A Magician Not A Construction Accountant! Oftentimes that is all it takes for a contractor to get clear about the direction they need to steer their construction company. Downloading transactions from the bank works well for a lot of industries; but, NOT construction.

Contractors 48

Contractors Accounting Banking Liability 48

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Limited liability company (LLC) . 10) Business bank account and credit card. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. Roofing equipment and materials.

Insurance 296

Insurance Liability Legal Compensation 296

Construction Lawyer

OCTOBER 6, 2012

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.

Illinois 40

Illinois Lien Banking AIA 40

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

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

JUNE 21, 2012

Construction Working Capital - Definitions are fairly complex and can take a lot of room to explain and since we are primarily concerned about helping small construction companies like yours to make a lot of money I will keep it simple and easy. Other People's Money O.P.M. Likewise larger firms can leverage economies of scale.

Profitability 48

Profitability Contractors Banking Change Orders 48

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. Handwritten Paperwork.

Accounting 48

Accounting Washington Leases 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

Contractor Bookkeeping

JUNE 15, 2012

Let Us Help Reduce Construction Business Start Up Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Go To Your Bank - And they offer you a line of credit. Consult with a construction attorney and follow their advice. Now that's stressful.

Contractors 48

Contractors Insurance Claims Lien 48

Buisness Facilities Contributed Content

APRIL 16, 2013

The project represents a $600-million investment that will create up to 1,000 jobs when the plant reaches full capacity; building the facility will create nearly 3,200 construction-related jobs over a three-year period. Regions Bank Unveils $1B Development Fund.

Alabama 63

Alabama Banking Mobility Industrial 63

Contractor Bookkeeping

OCTOBER 17, 2014

It is no secret that contractors are in an industry with a lot of cash transactions and sometimes they get busy and forget to deposit the money in the bank and properly account for it inside their contractors bookkeeping services system. They pay exorbitant interest rates for loans and lines of credit, which reduces their take home pay.

IRS 48

IRS Claims Contractors Accounting 48

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 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

Construction Law Monitor

APRIL 29, 2014

On a typical construction project, whether public or private, commercial or residential, there are typical players. A corporation or limited liability company is not an individual. Once a judgment is rendered against the party who is sued, then bank accounts, garnishments and property are all options for a quick collection.

Contractors 68

Contractors Louisiana Contract Negotiation 68

Contractor Bookkeeping

JUNE 18, 2012

Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Construction Bookkeeping - Is roughly 15% of all accounting and bookkeeping with manufacturing making up roughly 5%. Construction Bookkeeping Has These Things In Common: Sales - With 1-10 categories. Cash On Hand. Profit And Loss Report.

Contractors 58

Contractors Profitability Overhead Equity 58

Contractor Bookkeeping

MAY 17, 2013

Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. Construction Accounting - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Accounting Has These Things In Common: Sales - With 1-10 categories. Cash On Hand. Profit And Loss Report.

Accounting 48

Accounting Contractors Profitability Overhead 48

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? Will they be around after the construction is complete to service any warranties? Does the builder/remodeler have sufficient workers compensation and general liability insurance?

Remodeling 40

Remodeling Compensation Liability Accidents 40

Construction Cost Estimating

JULY 1, 2014

Bill of materials (BOM) - a list of materials required for the construction of a project or part of a project, which may include quantities. Bill of quantities (BOQ) - a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. RSMeans publishes a city cost index table.

Estimating 45

Estimating Construction Products Overhead 45