article thumbnail

Successful Commercial Construction Strategies and Operations: Tip #1

HardHatChat

How did you file the documents for your last commercial construction project? By moving to a paperless project management software system. Of course there are some documents, such as lien waivers, and those that require a notary that still call for originals. How Developers Can Decrease Operating Costs by Thousands of Dollars.

article thumbnail

Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Retention can be withheld on residential or commercial projects and on both public and private projects. According to Mehdian, a lot of contractors don’t record retention receivable or payable, especially those using Quickbooks accounting software. Mehdian recommends companies use software specifically designed to track retention.

professionals

Sign Up for our Newsletter

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

article thumbnail

constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. LEED project managment software » May 21, 2009. Subcontractors Mechanics lien allowed where bank seized generals funds. mechanics liens.

Lien 40
article thumbnail

constructionattorneyblog: LEED project managment software

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. « Subcontractors Mechanics lien allowed where bank seized generals funds | Main. LEED project managment software. mechanics liens.

article thumbnail

The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . In this guide, we’ll offer insights to help you navigate the realm of small business construction management software. What to Look for In Construction Management Software.

Software 105
article thumbnail

9 Tips for Starting an Architecture Firm

Levelset

These days, software is available in a “software as a service” (SaaS) model, where you pay a subscription fee each month, quarter, or year to use the software. Staggering design and administrative software expenses so they don’t all fall at the same time can help to reduce cash flow problems.

article thumbnail

What is Retainage in Construction?

Lets Build

Retainage is common in construction for both commercial and public projects, and the percentage typically ranges anywhere from 5 to 10% of the overall price. Retainage and mechanic’s liens. As a contractor, you have a powerful tool you can use to collect payment that you’re owed – a mechanic’s lien.

Cash Flow 147