Constructlaw

OCTOBER 12, 2022

At a jury trial, Silvi prevailed and was awarded the unpaid $160,000 balance and $1 million in lost profits. In a subsequent bench trial, the court denied Silvi’s CASPA claim, finding that Carney had withheld payment in good faith. Silvi asserted that the trial court abused its discretion in denying its CASPA claim.

Pennsylvania 52

Pennsylvania Claims Concrete Contract 52

ENR Construction

APRIL 13, 2021

State attorney general claims Glenn O. diverted funds from craft workers' pension benefits to other employee profit sharing. Hawbaker Inc.

Pennsylvania 69

Pennsylvania Claims Profitability Contractors 69

Construction Enquirer

JUNE 27, 2023

An update on the administration filed at Companies House said the firm was sunk by a combination of rising materials costs, project delays and defect liability claims. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m with 31 staff working at the company.

Debt 72

Debt Negotiation Liability Forecasting 72

Construction Enquirer

JUNE 6, 2023

“The joint administrators will carry out investigations to identify any potential claims which may be brought against parties either connected to or who have past dealings with the company. It stated: “The joint administrators have been made aware of certain allegations in respect of potential antecedent transactions.

Debt 82

Debt Housing Deals Claims 82

Construction Dive

JULY 17, 2013

By Bruce Jervis A wrongfully terminated contractor is entitled to recover lost profit from the project owner. This is the profit the contractor reasonably anticipated had the contractor been allowed to perform the contract; it is a well-recognized element of damages for breach of contract. That was the case recently in California.

Overhead 48

Overhead Profitability Contract Claims 48

ENR Construction

AUGUST 8, 2022

Firm notes claims and legal setbacks in latest quarter results but still anticipates profits this year and next.

Legal 41

Legal Claims Profitability Contractors 41

Best Practices Construction Law

JULY 3, 2013

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

Claims Bidding Construction Contract 54

Construction Dive

JUNE 3, 2019

million in profit, primarily by claiming the state was not harmed by his actions. The head of general contractor LP Ciminelli is appealing his sentence of 28 months in federal prison, a $500,000 fine and the release of $7.6

Claims 71

Claims Profitability Contractors 71

Construction Marketing

APRIL 28, 2023

Overlooking such demands can lead to a loss of market share, a bad reputation, and low profits. Therefore, in 2023, manufacturers will have to contend with longer lead times, high overheads, and poor product quality; all these can negatively impact manufacturing timetables, consumer fulfillment, and profits.

Profitability 156

Profitability Products Security Overhead 156

Construction Marketing Ideas

SEPTEMBER 26, 2015

As well, undoubtedly online advertising distribution claims have been inflated through autobots and machine-based advertising views and clicks — and some publishers think nothing of purchasing dubious traffic to enhance their circulation claims.

Profitability 48

Profitability Claims News Insurance 48

ENR Construction

APRIL 13, 2021

State attorney general claims Glenn O. diverted funds from craft workers' pension benefits to other employee profit sharing. Hawbaker Inc.

Pennsylvania 36

Pennsylvania Claims Profitability Contractors 36

Levelset

MAY 23, 2022

It’s important to understand what this insurance covers, and how to get the most out of it if you need to file a claim. Business interruption insurance can cover a wide range of potential losses when a claim forces you to temporarily close your business. What does business interruption insurance cover ?

Insurance 97

Insurance Contractors Construction Claims 97

Autodesk Construction Cloud

FEBRUARY 25, 2022

FINANCIAL RATIOS: PROFITABILITY . Gross Profit Margin . Gross Profit Margin indicates the gross profit (revenue less cost of sales) as a percentage of overall revenue. . Return on Assets measures how effectively assets are being used to generate net profit. . Net Profit Margin . Return on Assets .

Safety 94

Safety Debt Liability Equity 94

Construction Enquirer

JUNE 2, 2023

Other subcontractors have contacted the Enquirer claiming they are also owed money on jobs and at least two specialists have pulled workers off all their projects for Henry. Last year the firm reported revenue had topped £400m for the first time generating a £14m pre-tax profit, compared to just five years ago when turnover stood at £111m.

Roads 112

Roads Construction Contract Residential 112

Levelset

APRIL 28, 2022

If a subcontractor defaults on a project, the general contractor can make a claim with the insurance company to cover costs above their deductible and any loss reserve requirements. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project.

Insurance 52

Insurance Contractors Claims ABC 52

Federal Construction Contracting Blog

DECEMBER 9, 2022

The Armed Services Board of Contract Appeals (ASBCA) recently issued a decision regarding a contractor’s claim for increased performance costs due to the economic impact of the COVID-19 pandemic. The Navy denied the claim, and the contractor appealed that decision to the ASBCA. The Navy denied these requests.

Contractors 52

Contractors Contract Defense Claims 52

Best Practices Construction Law

FEBRUARY 1, 2018

The Board rejected the Contractor’s claims for business devastation damages, noting that these type of damages are “similar to a consequential damages claim where a contractor asserts that the Government’s actions caused the destruction of its business.” 150,000 business devastation damages.

Contractors 54

Contractors Claims United States Contract 54

Levelset

MARCH 31, 2022

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.

Insurance 93

Insurance Deals Contractors Claims 93

Levelset

AUGUST 25, 2022

Given the slim profit margins on construction projects, retainage practices can be incredibly frustrating for contractors. ” To sum up, property owners in Texas are required to withhold 10% of the contract price to cover any potential claims from subcontractors or suppliers on the project. .”

Texas 52

Texas Lien Claims Contract 52

Job Order Contracting

AUGUST 31, 2021

Poor performance of one participant will often excuse other participants from the need to strictly fulfil their obligations, or entitle them to claim additional money from the owner. The over-riding goal of most contractor becomes minimizing the cost of performing the agreed scope or activity and maximizing profit.

Construction 124

Construction Procurement Liability Contract 124

Safety Services Company

DECEMBER 1, 2023

Rigorous oversight, extensive use of Personal Protective Equipment (PPE), and investment in safety and compliance training drive Bob’s profits well above industry averages. demonstrates significantly lower past claims than the industry average. So, promoting certifications like an Experience Modification Rate (EMR) below 1.0

Safety 110

Safety Bidding Contract Liability 110

Cassell Construction Estimating

DECEMBER 6, 2023

Looking for a hundred 100 percent free spins no deposit inside the a great credible local casino website one have the claims? When you have claimed a no cost spins casino no-deposit added bonus for the membership, it can be open had been a welcome render. You will find them lower than with an initial factor.

Claims 130

Claims Bargains Deals Site 130

Best Practices Construction Law

MAY 27, 2016

I previously blogged about the rules relating to pass-through claims , where a prime contractor’s recovery from an owner for damages suffered by its subcontractor is limited in certain circumstances. KBR submits a certified claim with the Army for $10.4 In Kellogg Brown & Root Servs., million; and. million; and.

Claims 63

Claims Liability Contract Contractors 63

Contractor Bookkeeping

OCTOBER 17, 2014

Scammers are calling all kinds of people and business owners claiming to be from the IRS. This has been a popular and from all indications a very profitable swindle because it appears to be getting worse. These fears go a long way to helping the scammers achieve their goal.

IRS 48

IRS Claims Contractors Accounting 48

Mr Ethics

JUNE 19, 2015

This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. Ethics come into play when the LLC is deliberately underfunded for a project. Consult legal counsel about the pros and cons of a LLC and then use it properly if formed.

Legal 100

Legal Liability Drawings Claims 100

Mr Ethics

JUNE 19, 2015

This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. Ethics come into play when the LLC is deliberately underfunded for a project. Consult legal counsel about the pros and cons of a LLC and then use it properly if formed.

Legal 100

Legal Liability Drawings Claims 100

Mr Ethics

JUNE 19, 2015

This is often done to allow the LLC to draw off the profits from the project and then leaving the remaining parties to fund the project and claims that will arise. Ethics come into play when the LLC is deliberately underfunded for a project. Consult legal counsel about the pros and cons of a LLC and then use it properly if formed.

Legal 100

Legal Liability Drawings Claims 100

Federal Construction Contracting Blog

JUNE 7, 2022

As two recent Armed Services Board of Contract Appeals (the Board) decisions involving contractor claims for COVID-19-related costs illustrate, the distinction between these two roles can make or break a contractor’s claim. As the Court of Claims in Jones v. The CO denied the claim and the contractor appealed.

Defense 59

Defense Contract Claims Contractors 59

Lets Build

MAY 11, 2022

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

Contract Construction Site Accounting 144

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. AOBs take the homeowner out of the claims equation. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Construction Test

MAY 6, 2020

He turned a €200m profit in a decade at Sevilla, winning nine trophies along the way, now the club’s famous sporting director Ramon Rodriguez Verdejo ‘Monchi’ is making a masterclass documentary series to show how it’s done. He returned last summer and signed 15 new players to help turn the club back into a force in Spain.

Profitability 26

Profitability Claims Office Management 26

Constructor Marketing that Works

JUNE 25, 2012

Pimp My Marketing: Profitable Integrated Marketing Plan. Shockingly, we still see nearly 30% of contractors who have NOT claimed their listing. Click to see if yours is claimed AND how it ranks. This will drive traffic, calls and profits right past the competition straight to you. Monday, June 25, 2012. This is criminal.

Profitability 40

Profitability Plans Contractors Electrical 40

Construction Business Owner

APRIL 20, 2023

Understanding Driver Risk Is Paramount to Your Company’s Profits Use fleet tracking tech to tackle operational challenges while keeping your drivers safe mhodges Thu, 04/20/2023 - 07:37 Fleet managers must balance ever-shifting routes and customer needs — all while keeping drivers (and the public) safe.

Profitability 283

Profitability Risk Virgin Islands Puerto Rico 283

Viewpoint Construction Technology

SEPTEMBER 23, 2018

Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse. You know how much profit a project is making at the COMPLETION of the project. But you do not know how much profit a project is making on a month by month basis during the course of the project.

Industrial 130

Industrial Accounting Viewpoint Construction 130

Levelset

APRIL 8, 2022

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.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

APRIL 8, 2022

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.

Insurance 52

Insurance Claims Agreement Lien 52

ENR Construction

FEBRUARY 13, 2019

Feds seek up to triple damages on alleged millions in profit; firm denies claims.

US 28

US Site Claims Profitability 28