article thumbnail

2022 Job Order Contracting

Job Order Contracting

4BT provides a complete range of JOC tools and services, including but not limited to, enterprise JOC knowledge management technology, locally researched facilities repair, maintenance, and construction cost data inclusive of line-item modifiers, technical specifications, and full training, consulting, and. support services.

Contract 216
article thumbnail

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

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 Going forward there will be a long-term asset offset by a current liability and a long-term liability. The Impact of ASC 842 – The New Lease Standard Is Here.

Leases 177
professionals

Sign Up for our Newsletter

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

article thumbnail

Contractors – What you need to know about Job Order Contracting

Job Order Contracting

What Construction Contractors Need to Know About JOB ORDER CONTRACTING, Cooperatives, and Best Management Practices. As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Will you work directly with the real property owner or a consultant?

Contract 100
article thumbnail

4 Tips for Hiring a Reputable Plumbing Contractor

Construction Marketing

Plumbing contractors are the professionals that are trained to assemble, install and repair water pipes. While hiring a plumbing contractor can help in salvaging your home from a water crisis, it can also worsen a situation. Here is a list of tips that can guide you in hiring a reputable plumbing contractor to work on your property.

article thumbnail

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

Levelset

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The general contractor who bought the insurance policy is reimbursed for damages. First-party insurance examples.

article thumbnail

Unlimited liability for designers and contractors

Construction Lawyer

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Sabo & Zahn LLC is an Illinois Limited Liability Company. Unlimited liability for designers and contractors.

article thumbnail

Henry administrators probe events in lead up to collapse

Construction Enquirer

Administrators for Henry Construction Projects have confirmed the majority of the contractor’s 40 staff have been laid off. We continue our work to gather information about the assets and liabilities of the business and understand the events leading up to the insolvency.

Roads 71