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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Construction projects rely on contractors completing the work they started and meeting the design intent. Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Fariba Mehdian. View profile.

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How to Get Paid on New Jersey Public Projects

Levelset

A large amount of that funding is going to go directly to individual states, and with the state adopting new laws in 2021 that reconfigure the bidding process — along with adding the “design-build” option to the public construction process — there are plenty of opportunities for contractors across New Jersey.

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New Contractor Business Start Up

Contractor Bookkeeping

Partnerships Are The Only Ships - Designed to sink. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. We recommend stay away from them like the plague.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Partnerships Are The Only Ships - Designed to sink. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. We recommend stay away from them like the plague. Or The Hard Way.

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We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Partnerships Are The Only Ships - Designed to sink. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. We recommend stay away from them like the plague.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Your designers, accountants, and managers all need to play a role in the closeout process. Tools like Construction IQ can help. Finally, step seven is the final team closeout and walkthrough.

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State by State Incentives Guide

Buisness Facilities Contributed Content

TVA Economic Development Loan Fund: A multimillion-dollar revolving loan program designed to stimulate investment and job creation in the TVA region. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships.

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