Remove Compensation Remove Insurance Remove Negotiation Remove Office
article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

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. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

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. Field Office Expense. Field Office Personnel. Main Office Expense.

Contract 100
professionals

Sign Up for our Newsletter

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

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. It is a must have to borrow money from a bank. Or The Hard Way.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. It is a must have to borrow money from a bank.

article thumbnail

We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Understand When A Transaction Is Income - And when it is not income.

article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Fringe Benefits - labor cost elements which are provided to pay for benefits received by workers, such as health insurance, pension, training, etc. Bond - in construction, a performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.

article thumbnail

What are Simplified Acquisition of Base Engineer Requirements (SABER)

Building Information Management

The Task Order price is the product of required tasks, quantity, unit of issue, UPG price per unit, and the coefficient plus the negotiated price for any non-priced items (NPI). NPIs must be within the basic intent and general scope of the contract and be negotiated separately from UPG items before issuance of the TO. Site visit.