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Construction Law: May 2024

Construction Law

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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Transforming Construction Payments: Autodesk's Strategic Move with Payapps Acquisition 

Autodesk Construction Cloud

Despite this, both general contractors and subcontractors struggle with the complexities of the payment process and face significant cash flow obstacles. Time and time again, I hear about contractors’ frustrations and struggles with late payments and cash flow and how it negatively impacts their businesses.

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What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. It protects contractors and construction managers from unexpected increased costs in the performance of a construction contract. Learn more.

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Construction Business Owner Blogs

Construction Business Owner

Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Was your initial estimate off? August 2012.

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Construction Business Owner Blogs

Construction Business Owner

At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. We then provide a design methodology to follow. Design considerations are not relevant at this stage. The planning phase begins when our analyst designs the application from the user’s perspective.

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Construction Business Owner Blogs

Construction Business Owner

Section 179 was designed to provide an attractive tax savings on these purchases. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. August 2012.