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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Something as simple as a customer tripping over a hammer and hurting themselves could result in an accident claim – and without insurance, you could end up facing hefty fines and legal battles. Legal Documents.

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What Do You Think Causes Construction Claims and Disputes? Think Again.

Best Practices Construction Law

What do you think causes construction claims and disputes? Sometimes, too much attention is placed on getting the work and not enough attention is given to how the work can be done profitably. When a problem faced by one party in the construction process is ignored or recognized late, the problem may escalate into disputes and claims.

Claims 54
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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

In turn, the owner is relying on the insurance company to pay their claim. Dig deeper: What contractors need to know about the insurance claims process. In general, there are four parties involved in a restoration project: Property owner Insurance company Claims adjuster Contractor. Be clear about rights & responsibilities.

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What are Preliminaries in Construction Contracts?

Lets Build

Even though the owner might state which items qualify as prelims, it’s the contractor’s responsibility to claim the amounts for each of those items—they’re in the best position to estimate preliminary costs. Preliminaries in construction contracts are necessary to deliver a finished project while maintaining your ideal profit margin.

Contract 144
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Your Guide to Preconstruction Planning

Autodesk Construction Cloud

Maximizes Profit. This results in higher profitability—something that’s critical in a low-margin industry like construction. . Managing Preconstruction Documents . The preconstruction team must manage these documents and make sure they’re completed by the right people at the right time. . Construction documents (CD).

Plans 52
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Energy Efficient Commercial Building Tax Deduction 179D: What Owners Need to Know

Stok

Before a taxpayer can claim the deduction , they must obtain a certification for the 179D Report. Field verification is required to confirm installed equipment and building components match energy model input s and mandatory ASHRAE requirements are met. This verification must be completed by a qualified individual. #3: Report.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim.