article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

The Tax Bill adds a definition of “tangible personal property.” Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense.

article thumbnail

A Recipe for Retaining Your Purchasing Talent

Pro Builder

A good purchasing professional must understand the construction process, local building codes, risk management, the enterprise resource planning system, schedules, the installing trades in a given market and the materials they use, alternative materials that could be used, their cost drivers, and so on—all while being an excellent negotiator.

professionals

Sign Up for our Newsletter

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

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

DEFINITIONS. 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. payment when requested by the ORGANIZATION NAME. may exist. (2)

Contract 100
article thumbnail

Green Home Building and Sustainable Architecture: Affordable Eco.

Natural Building

The definition used in this report is that an eco-building minimises resource use (in construction and life-cycle) while also providing a comfortable environment in which to live. Construction and technology cannot compensate for excessive energy use. There is a diverse variety of eco-housing worldwide.

Green 61
article thumbnail

Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Contract negotiation and formation. Once the owner selects a bid, they’ll move on to the contract negotiation and formation stage. Construction contracts come in different forms, including: Cost-Plus Contract, where contractors are compensated for all construction-related expenses. Top Bid Selection Criteria.

Bidding 52
article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Labor burden is the cost of payroll taxes and insurances (such as Workers'' compensation) which the employer must pay to employ workers. Price is the quantity of payment or compensation given by one party to another in return for goods or services. Wage rate - The agreed monetary compensation per hour for a person to accomplish work.

article thumbnail

Solving the Labor Shortage in 12 Steps

Pro Builder

They’d rather negotiate their way to a solution than manage by brute force. Some days you may have to remind them that they pay workers’ compensation premiums, too, and participation in safety education and enforcement is in their own best interests.

Schedule 119