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

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. 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.”

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Construction Law: Jan/Feb 2024

Construction Law

Legal terms explained David Nitek and Noe Minamikata of Herbert Smith Freehills LLP explain what is meant by ‘hot-tubbing’. Legislation state of play table Our regular round up of procurement related key announcements from government departments and agencies and third parties compiled by Construction Law staff.

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Advise and Consult: Expert advice from expert construction witnesses

Construction Marketing Ideas

The Advise & Consult, Inc. blog provides solid information about construction litigation and insurance issues. The Advise and Consult (myconstructionexpert.com) blog focuses on legal matters relating to construction and provides us with plenty of food for thought. can provide.

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First-Party vs. Third-Party Insurance: What’s the Difference?

Levelset

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you. Fortunately, the difference is very straightforward.

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Construction Business Owner Blogs

Construction Business Owner

Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Is There No Free Lunch or Construction Software? INSURANCE |.

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JOB ORDER CONTRACTING Cooperatives

Job Order Contracting

As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified. Will you work directly with the real property owner or a consultant?

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Carpenter’s Insurance: Who Needs It & Why

Levelset

There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?