article thumbnail

Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy

ENR Construction

UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.

article thumbnail

Estimating- The New Normal

Chianelli Estimating

One error may be the difference in bankruptcy or staying afloat. Until Contractors receive any new OSHA Regulations or Insurance Companies analyze risk, the effects to their Estimating Departments approach will be challenged to allow for the potential of increased costs: both Direct & Indirect. Less opportunities.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Inverted Pyramid

Business Facilities

Pfizer, the pharmaceutical giant based in NY and NJ, reportedly is in talks to merge with British drug behemoth AstraZeneca, an engagement which may attract the scrutiny of antitrust regulators on both sides of the pond. When Iacocca took the helm of Chrysler in the 1970s, the auto giant needed a federal bailout to avoid bankruptcy.

NJ 46
article thumbnail

Mechanics Lien and Bond Claims Best Practices

Best Practices Construction Law

Scott writes the Construction Lien Blog , which analyzes construction lien laws and regulations across the nation. If your customer doesn’t pay its debt, if money gets misappropriated on a job, or if your customer files for bankruptcy, you’re going to wish that you had preserved and enforced your lien or bond claim rights.

Lien 48
article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Failure to comply with building codes and other regulations can result in project delays, steep financial penalties, or a loss of your contractor license. Know the laws that apply to your painting business.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Failure to comply with building codes and other regulations can result in project delays, steep financial penalties, or a loss of your contractor license. Know the laws that apply to your plumbing business.

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Failure to comply with building codes and other regulations can result in project delays, steep financial penalties, or a loss of your contractor license.