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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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Job Order Contracting Guide

Job Order Contracting

Labor rates are for direct labor, without overhead and profit, however include fringe benefits and allowances for Social Security and Medicare taxes, worker’s compensation, unemployment insurance and employee benefits. Payroll taxes and workman’s compensation are included in the labor rates. copyright of CSI.

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Enhance your estimating process with Sage 100 Contractor

Construction Cost Estimating

Construction Cost Estimating Blog. Enhance your estimating process with Sage 100 Contractor. Sage, a trust worthy supplier of accounting and business management software , launched Sage 100 Contractor. Please visit us at www.quantity-takeoff.com for any construction estimating projects. Estimating Sheets Sample.

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The pros and cons of becoming a subcontractor

Fieldwire

You may need to pay quarterly estimated taxes, depending on how much you make from your subcontracting work. You’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. Licensing and insurance as a subcontractor are similar to that of a general contractor.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC).

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Labor estimating is very crucial factor for calculating accurate construction cost

Construction Cost Estimating

In order to control cost of constructed facilities, labor estimating is one of the most important concerns. The thorough application of labor hours to a quantity result in managing the exactness and competence of labor estimating. Now-a-days computer aided design software are available for perfect labor estimating.

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A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. Purpose-built construction accounting software can help to automate this process and meet the need for multiple service or product categories.