Remove Change Orders Remove Design Remove Legal Remove Webinar
article thumbnail

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. This first step should be pretty easy for most contractors, since legally-binding contracts are already part of their processes. Identify the Contract.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. change orders. Ask the Expert.

professionals

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Section 179 was designed to provide an attractive tax savings on these purchases. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Industry News. Forms and Checklists. Seminars and Tradeshows. Product Spotlight.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

One of my very favorite books is Alan Cooper’s The Inmates Are Running The Asylum , which takes an in-depth look into software application design. The Inmates Are Running The Asylum—or in other words, “The Programmers Are Designing the Software.” When designing FOUNDATION® for Windows® 3.0 change orders.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

World of Concrete 2012: Products Get Smarter, Interfaces Mimic Streamlined Design of Smart Phones and Tablets » The Issues around Construction Issue Building. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Equipment and Services Directory. Ask the Expert. Hardhat Connect.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Wikipedia says, “IPD is a collaborative alliance of people, systems, business structures and practices into a process that harnesses the talents and insights of all participants to optimize project results, increase value to the owner, reduce waste, and maximize efficiency through all phases of design, fabrication, and construction.”