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Payment Applications 101: A Guide to Pay Apps in Construction

Fieldwire

The construction contract will typically define the process for submitting a pay app, the documents to include, and the deadline for submission. Change orders : A change order is a written agreement between the owner or architect and the contractor that changes the contract amount, work requirements, and/or schedule.

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Managing Accounts Receivable in QB: QuickBooks for Contractors

Levelset

Contracts are almost never paid up front, so contractors provide labor, materials, and equipment on credit with their customers. Your contract sets the terms and deadlines to invoice for retention. If you are using other versions of the software, the steps may vary slightly. Using QuickBooks to track lien rights on A/R.

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The 12 Best Construction Podcasts of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone were back and all had strong showings in the voting round. Check out our full review of The Lien Zone by clicking or tapping here. #7: Check out our full review of The Contracting Coachcast by clicking or tapping here. #9:

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Place Your Vote for the Best Construction Podcast of 2020

Construction Junkie

Former winners CONEXPO-CON/AGG Radio, The ConTechCrew, and The Lien Zone are back, as well as a many other podcasts that are new to the competition. vote for the lien zone. Vote for the contracting coachcast. This year we have several familiar faces, as well many new podcasts. Vote for conexpo/con-agg radio.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

The rate of retention is stipulated in the construction contract and can often be negotiated. According to Mehdian, a lot of contractors don’t record retention receivable or payable, especially those using Quickbooks accounting software. Mehdian recommends companies use software specifically designed to track retention.

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constructionattorneyblog: Subcontractor's Mechanics lien allowed.

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. LEED project managment software » May 21, 2009. Subcontractors Mechanics lien allowed where bank seized generals funds. University of St.

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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

Force majeure provisions and impossibility of performance clauses are considered boilerplate provisions and are standard inclusions in a contract. As many contractors face several disruptions and delays, they may be unable to fulfill their end of the contract. Construction material supplies will be sourced locally.