Levelset

JULY 21, 2022

In order to perform construction work, many states require contractors to be “licensed and bonded.” Well, every state sets its own rules for contractor licensing, and contractors often must purchase a surety bond in order to legally practice their trade. Learn more: The complete guide to contractor licensing state-by-state.

Contractors 52

Contractors Claims Oregon Residential 52

Job Order Contracting

DECEMBER 20, 2017

The items to be considered when a contractor creates a JOC coefficient vary according to the specific JOC Program. The following is a list of items that are generally considered when a contractor is developing a JOC coefficient. A JOC coefficient is a factor, typically ranging from 0.80

Contract 100

Contract Overhead Insurance Profitability 100

Construction Law

DECEMBER 2, 2022

Eventually government will have to get involved in producing methods of measuring emissions that can stand up to intense scrutiny – which is increasingly to be expected from worried project funders and insurance companies. Those projects failing to meet these criteria may struggle to access financing.

Claims 52

Claims Risk Infrastructure Finance 52

Constructonomics

OCTOBER 3, 2010

New contractors have a lot of matters to anticipate when entering the construction industry for the first time. Unfortunately, new contractors are often unfamiliar with the bonding process, which includes undergoing finance and credit checks, providing upfront collateral, and paying issuance fees. How construction bonds work.

Contractors 140

Contractors Regulation Insurance Claims 140

Construction Law

MARCH 2, 2022

Just when you might have been excused for imagining that the discredited Private Finance Initiative (PFI) was dead as a construction procurement route, up it pops again. The failure of this scheme has possibly permanently tarred PFI in the minds of at least some contractors and funders. Launched in 2010, this was to be a 25 year, £2.7

Finance 52

Finance Transportation Commercial Infrastructure 52

Contractor Bookkeeping

AUGUST 27, 2014

QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

cnstrctr

JANUARY 4, 2020

As not every project is the same, there are various types of contracts between the owner and contractor which depending upon which is chosen can change your responsibilities drastically. Under a lump sum contract the consultants are typically engaged by the owner and the contractor falls under a separate contract with the owner.

Contract 88

Contract Construction Finance Documentation 88

Wolgast Corporation

APRIL 25, 2022

By definition, leaseback is a construction delivery method whereby a developer builds, finances, and leases a facility back to a business owner, allowing him or her to keep capital in the business. By working with the architect, developer and general contractor, a lessee can choose the interior look and feel that's within their budget.

Leases 62

Leases Risk Finance Negotiation 62

BD+C

JANUARY 7, 2015

In a report this week from its Council on Finance, Insurance and Real Estate (CFIRE), the National Institute of Building Sciences issued the findings and recommendations on the financing of small commercial retrofit projects for energy efficiency.

Commercial 40

Commercial Finance Insurance Resource 40

BD+C

JANUARY 7, 2015

In a report today from its Council on Finance, Insurance and Real Estate (CFIRE), the National Institute of Building Sciences issued findings and recommendations on the financing of small commercial retrofit projects for energy efficiency. respectively). respectively).

Commercial 40

Commercial Finance Insurance Resource 40

Construction Business Owner

FEBRUARY 16, 2012

INSURANCE |. Accounting & Finance. » Contractors Seeking Credit Should Prepare to be Prepared. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

JUNE 15, 2012

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Insurance - Is critical to your construction company.

Contractors 48

Contractors Insurance Claims Lien 48

ENR Construction

JULY 22, 2012

Contractors Are Renting Rather Than Buying More Equipment During Slow Recovery. A flood of machinery has made its way to auction in recent years as job-hungry contractors thinned out fleets to save money and generate revenue. The recession prompted many contractors to thin their fleets in order to lower overhead and generate cash.

Equipment 75

Equipment Contractors Las Vegas FAQ 75

Construction Business Owner

APRIL 5, 2012

INSURANCE |. Accounting & Finance. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry.

Risk 120

Risk Insurance Construction Software 120

Autodesk Construction Cloud

JULY 13, 2023

” This quote primarily relates to personal finance, but his advice also rings true in the construction industry. As a general contractor, you can start thinking, “Okay, how can we put some of this work back into our own guys?” Insurance is a big deal. There’s no one best practice for everyone.

Profitability 98

Profitability Risk Construction Autodesk 98

Construction Business Owner

SEPTEMBER 27, 2011

INSURANCE |. Accounting & Finance. A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

Construction 180

Construction Software Software Accounting 180

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. Accounting & Finance. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Cash Flow 168

Cash Flow Software Software Accounting 168

Construction Business Owner

JUNE 29, 2012

INSURANCE |. Accounting & Finance. The contractor doing the work was working for the city at the time. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Construction 120

Construction Safety Software Software 120

Job Order Contracting

FEBRUARY 20, 2023

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) “Coefficient” means a numerical factor that represents costs (generally indirect costs) not included in JOCPB unit prices (e.g., b) Statement of work. (1) d) Distribution.

Contract 227

Contract Office Negotiation Documentation 227

The Korte Company

OCTOBER 9, 2018

To make sure this cost component stays under control, you’ll want a contractor who can guarantee they’ll attract and retain the necessary skilled labor force for the duration of the project. Construction project insurance premiums. Weigh your hotel construction financing options. Survey costs and engineering fees.

Finance 68

Finance Construction Security Materials 68

Autodesk Construction Cloud

FEBRUARY 25, 2022

Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. It can be used to determine the proportion of a company’s assets that are financed by debt. EMR is a value calculated by insurance carriers and is an indication of Worker’s Compensation claims history.

Safety 94

Safety Debt Liability Equity 94

Autodesk Construction Cloud

JULY 13, 2023

This quote primarily relates to personal finance, but his advice also rings true in the construction industry. As a general contractor, you can start thinking, "Okay, how can we put some of this work back into our own guys?" Insurance is a big deal. It's a big swing in terms of profit margins, at least in the U.S.,

Profitability 52

Profitability Risk Construction Autodesk 52

Construction Law Monitor

APRIL 15, 2015

If you are a contractor working on public projects, you’ve most likely heard a lot of myths about construction bonds. Probably the most widely spread misconception about contractor bonds is that they are too expensive, and thus out of reach for many small-scale contractors. ’s largest electrical contractor.

Insurance 40

Insurance Bankruptcy Contract Claims 40

Construction Business Owner

MAY 29, 2012

INSURANCE |. Accounting & Finance. Contractors in today’s marketplace are caught in the middle of a paper and paperless culture. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

NOVEMBER 8, 2011

INSURANCE |. Accounting & Finance. It crystallizes our mission to make contractors’ jobs easier and we put that mission into our own words: “When better is possible, good is not enough.” STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

Construction 174

Construction Software Software Accounting 174

Construction Business Owner

AUGUST 30, 2011

INSURANCE |. Accounting & Finance. You know, lots of contractors using an off-the-shelf accounting program ask me the same question: Why is construction-specific accounting software so much more expensive? Construction-specific systems allow contractors to instantly track and analyze job progress and performance.

Construction 168

Construction Software Software Accounting 168

Construction Business Owner

OCTOBER 26, 2011

INSURANCE |. Accounting & Finance. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued.

Construction 159

Construction Software Software Bidding 159

Construction Business Owner

AUGUST 19, 2011

INSURANCE |. Accounting & Finance. One of my favorite parts of this job is getting to talk with professionals in the industry who work with contractors for a living. While finding more work may be priority number one, the most successful contractors understand that “the devil is in the details.”. STRATEGY |. MANAGEMENT |.

Construction 120

Construction Software Software Accounting 120

Wolgast Corporation

JUNE 16, 2023

One, a contractor can hire an electrical crew to be assigned on site all-day for an extended period of time. For example, dumpsters, storage trailers, building permits, temporary electricity, barricades and insurance are a few types of things included in this category. Two, there are fixed fees within general conditions (i.e.

Construction 62

Construction Permits Electrical Estimating 62

Construction Business Owner

OCTOBER 10, 2011

INSURANCE |. Accounting & Finance. What happens when construction expert George Hedley gathers 15 different contractors from all over the country, puts them in a room for 2 days and leads an open discussion? What I can tell you is encouraging: There are contractors who are succeeding in this economic climate. STRATEGY |.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

JANUARY 27, 2014

Spec Home Builders Have Unique Construction Accounting Needs : Keeping Track Of Specialty Contractor Costs - Is one of the most valuable things your contractors bookkeeping services can do for you. Contractor Invoicing. Insurance Audit Support Service. Construction Accounting Services For Home Builders. Sales Tax Returns.

Contractors 48

Contractors Accounting Banking Profitability 48

Construction Business Owner

JANUARY 6, 2011

INSURANCE |. Accounting & Finance. There is just something special about being around contractors. One of the things I enjoy most about my position at ComputerEase is that I have the opportunity to deal with different contractors everyday and have the opportunity to help them with their construction software needs.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 22, 2011

INSURANCE |. Accounting & Finance. Many contractors go into business because they’re great at what they do. I know a successful excavating contractor that took over his father’s grave digging business when he was younger. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Construction Law.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

JANUARY 18, 2012

INSURANCE |. Accounting & Finance. Mid-January is a time of reflection for many contractors. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing.

Construction 168

Construction Software Software Accounting 168

Levelset

OCTOBER 19, 2022

When a property owner wants to finance the construction of a new building, they typically have to obtain two loans: one loan for the mortgage on the completed home, and another for the land purchase and construction expenditures. Contractor risks with a construction-to-permanent loan. What is a construction-to-permanent loan?

Contractors 98

Contractors Lien Construction Finance 98

Contractor Bookkeeping

JUNE 20, 2014

New Contractor''s Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Insurance - Is critical to your construction company.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Business Owner

JANUARY 12, 2012

INSURANCE |. Accounting & Finance. I was in a conference room full of general contractors a couple of years ago, and the presenter asked, “How many of you prequalify your subcontractors?” When I was a general contractor, I sent out invitations to bid, but the communication didn’t end there. STRATEGY |. MANAGEMENT |.

Bidding 149

Bidding Construction Documentation Software 149