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NY Appellate Court Reaffirms Pay-When-Paid Provisions Are Void as Against Public Policy

Constructlaw

Bank of America, N.A. Arenson subsequently entered into a subcontract with Sweet to complete the Work (the Subcontract). The Subcontract contained two signature lines, one for “Sweet Construction Approval” and one for “Arenson Office Furnishings Approval.” ASD was not a party to the Subcontract. 3d 1, 164 N.Y.S.3d

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

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Cloud-based technology facilitates the work process of building contractors

Construction Cost Estimating

The building contractors can get a wide array of solutions regarding Job Cost, Subcontract Management, Billing, Progress Billing, GL, AP, AR, Project Management, Bank Management, Purchase Order, Inventory, Time Entry and integrated Document Storage.

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Types of Estimate found on various stages of a Project

Construction Cost Estimating

Direct Cost includes cost of materials, equipment, labor and subcontracted cost; while the Indirect cost includes overheads and contingency. Besides all of this, every estimate must be prepared with the consideration of other two factors which influence a project namely Direct & Indirect Cost.

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Consistent Technology Innovation Helping Contractors Integrate their Office, Team and Field Operations

Viewpoint Construction Technology

No need to store and track sensitive vendor banking info. “It’s something our customers have really adopted strongly.”. This means: A single payment process for all vendors. No checks to print and mail. No ACH or credit service files to generate and upload. Usage-based rebates. “We Watch the full interview with Matt Harris here.

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How to Get Paid on Oregon Public Projects

Levelset

In the event of improperly withheld payment, the project’s public entity has to pay penalty interest on any payment not made within the earlier of either 30 days after the invoice date or 15 days after the contracting agency approves the payment.

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Construction Lead Services-Comparison of Dodge and ConstructConnect

Construction Marketing

The companies also gather this information by employing phone banks of researchers who call their sources to get updates on projects, secure plans, and identify new projects coming down the pipeline. Materials specified including company names and models if appropriate Value of the project and often value of major subcontracts.