Remove Construction Remove Consulting Remove Documentation Remove Legal
article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

According to ASC 842-10-55-12, these leases “should be classified in accordance with the lease classification criteria applicable to all other leases on the basis of the legally enforceable terms and conditions of the lease.” As a result, it is imperative to consider all factors that may result in legally enforceable rights and obligations.

Leases 178
article thumbnail

Construction project management 101 – Checklist

Lets Build

The term construction project management can be used to describe a vast number of tasks, roles and responsibilities. Read more: How to reduce construction delays by more than 20%. Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager.

professionals

Sign Up for our Newsletter

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

article thumbnail

Maximising ROI with construction project execution software

Lets Build

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

article thumbnail

GBCI Changed its Name and You Need to Change Your Documents

Green Building Law Update

Members of the environmental industrial complex that deal in matters of LEED should review their contracts and other documents and update them now. Correctly referring to LEED certification is of paramount importance in legal opinions given in building acquisitions and financing. The operative language might be some variation of.

article thumbnail

Maximising ROI with construction project execution software

Lets Build

In today’s construction industry, the success of your projects hinges on investing in the right digital and technological solutions. Such solutions play a vital role in different phases and areas of construction, including on-site coordination, execution, safety, communication, etc. This allows you to work within the budget.

article thumbnail

How to Avoid Disputes in Construction

Construction Marketing

Disputes in the construction industry are very common. What follows next is a fierce legal battle that puts both the contractor and the investor on the losing end. Here is a list of tips that can guide you towards preventing disputes in construction projects. When a dispute happens, it causes the project to be delayed.

Agreement 121
article thumbnail

The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

However, within the construction sector there are multiple aspects which require different approaches, meaning a one-size fits all approach is not appropriate. While the issues vary from one organisation to another , we’ve broken down the most common construction disputes into four main categories. This may work for them.

Risk 130