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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Although public liability insurance is not a legal requirement, it should be regarded as essential. Legal Documents. Business Plan. A business plan is vital for a number of reasons. Final Thoughts.

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

Construction Business Owner

While both operating and finance leases will be recorded on the balance sheet, expense recognition is different. Finance leases will require the lessee to recognize interest expense and amortization expense. Finance leases will require the lessee to recognize interest expense and amortization expense. Accounting & Finance.

Leases 177
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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

These types of requests are common place in today’s world when an owner finances the construction of a building. The lien laws protect people that supply the resources to build a building. As a result, the owner now has a clouded title, which can put financing in jeopardy and cause an Owner to pay twice to satisfy the lien.

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Buying a LEED Certified Building Is Easy But.

Green Building Law Update

Finally, a contract of sale should list as a document to be delivered at closing (. In such circumstances, GBCI legal works with the current owners to find ways they can demonstrate their ownership interest [a copy of a deed].

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Construction project management 101 – Checklist

Lets Build

Additionally, the basics and essentials of budgeting, finance, organisation, scheduling, conflicts, and legal issues are also covered by the project manager. Construction project management is not one thing — a project manager in construction has to be knowledgeable in finance, mediation, law, and other disciplines. The basics.

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Common Types of Construction Contracts And Their Use

cnstrctr

A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The contract would be solely based on those documents and the scope of work.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Resource Center. « Save Time, Resources – File Electronically. Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. General Management.

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