Contractor Bookkeeping

JANUARY 2, 2015

Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Construction 48

Construction Insurance Accounting Claims 48

Job Order Contracting

FEBRUARY 20, 2018

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. The total estimate for a JO is multiplied by by the contractor’s coefficient.

Contract 100

Contract Organization Change Orders Overhead 100

Contractor Bookkeeping

SEPTEMBER 25, 2013

When you hire 1099 contractors you need to know that their state contractor’s license, bond and insurance are active. During audits states agencies are now looking to check about the bond and insurance. Did you send your liability insurance payment in late? When a being a licensed contractor is just not enough!

Contractors 49

Contractors Cash Flow Washington Compensation 49

Levelset

JUNE 13, 2022

The first of these additional requirements pertains to disclosures of insurance coverage. If the roofing contractor has employees, then they must carry worker’s compensation insurance covering all employees. The first step is that the contract must be in writing and signed by both the contractor and the property owner.

New York 52

New York Contract Residential Contractors 52

Levelset

MAY 16, 2022

The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. Insurance coverage. The Act also requires a minimum amount of insurance coverage when working on home improvement projects. Notice of right of rescission.

Pennsylvania 98

Pennsylvania Residential Contractors Contract 98

Buisness Facilities Contributed Content

MARCH 9, 2016

The application must include an estimate of incremental revenues likely to be derived from the project; . Must offer basic health insurance to employees within 180 days of employment. Must offer basic health insurance within 180 days of employment. Insurance Premium Tax Credit 
(36 O.S. § Company must achieve $2.5M

Oklahoma 40

Oklahoma Income Finance Commissioning 40

Contractor Bookkeeping

AUGUST 9, 2012

In my opinion, and that is all I claim it to be, my opinion, the root cause is cognitive dissonance or "mental noise" wanting to do a good job for the construction company owners and then getting in their head they are the most important person at the company and should be respected and compensated accordingly.

Organization 48

Organization Contractors Accounting Profitability 48

Building Information Management

APRIL 24, 2016

The Contractor provides a detailed line estimate as the TO proposal, submitted to the Owner for review and approval, itemizing tasks and quantities of labor, materials, and equipment to do the work. Taxes, insurance, fringe benefits, and vacation allowances are to be included in the Contractor’s coefficient.

Contract 40

Contract Contractors Materials Site 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. time permanent jobs paying above average wages.

Income 75

Income Finance Zoning Equipment 75

Constructlaw

MARCH 24, 2023

These cases address topics, ranging from required liability insurance to compensation for a landowner’s loss of quiet enjoyment of their property. It also requires the licensee to maintain commercial general liability insurance.

New York 52

New York Compensation Negotiation Liability 52

Job Order Contracting

SEPTEMBER 12, 2018

Visually inspect ground area beneath equipment to insure no sharp objects and that the ground surface cushioning is adequate for the piece of equipment. Check operation of safety switches to insure they have not been by-passed. Keep record of hour usage of spotlight bulb, noting its estimated life and date of installation.

Inspections 100

Inspections Equipment Electrical Safety 100

Building Information Management

JULY 27, 2016

00 43 26 Estimated Quantities Form. 00 45 26 Workers Compensation Certificate Schedule. 00 43 26 Estimated Quantities Form. 00 45 26 Workers Compensation Certificate Schedule. 00 62 16 Certificate of Insurance Form. Affidavit of Payment of Debts and Claims Form. 00 73 16 Insurance Requirements.

Equipment 45

Equipment Construction Schedule Concrete 45

Building Information Management

JULY 27, 2016

00 43 26 Estimated Quantities Form. 00 45 26 Workers Compensation Certificate Schedule. 00 43 26 Estimated Quantities Form. 00 45 26 Workers Compensation Certificate Schedule. 00 62 16 Certificate of Insurance Form. Affidavit of Payment of Debts and Claims Form. 00 73 16 Insurance Requirements.

Equipment 40

Equipment Construction Schedule Concrete 40