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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

This first step should be pretty easy for most contractors, since legally-binding contracts are already part of their processes. In general, this means work that’s not integrated with the rest of a building, like change orders that increase the scope of a project outside of the initial contract, will be a separate performance obligation.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Delayed change order resolution.

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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. This attention to detail is paramount when trying to collect money because people tend to have amnesia when it involves payment and especially when it involves change orders.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Connecting within the Construction Company » Free Webinar: Managing Information Overload. Managing this information overload can be difficult. With so many sources of information, it’s never been more important to take charge and develop a business information plan. change orders.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

The subcontract between the general contractor and the concrete subcontractor contained the following clause: “The obligation of contractor to make payment under this agreement, whether a progress or final payment, or for extra or change orders or delays to the work, is subject to the express condition precedent of payment from the owner. ”.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Accessing the often vast amount of information surrounding a project is just step one. Project managers are used to logging information – job progress, change orders, labor, weather, and so on. change orders. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. change orders. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. MANAGEMENT |. ACCOUNTING |.