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A No-fuss Record-keeping Guide For Your Construction Business

Contractor Bookkeeping

Managing a hectic schedule and complex projects can be challenging if you're a contractor. You must also ensure that your paperwork, documents, and contracts are in order. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly.

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Communication Is Key: Actions to Get the Most from a Commercial Restoration Loss

Wolgast Corporation

To get the most from an insurance claim involving property restoration, it is best practice to openly communicate and collaborate with both your agent and restoration company. Know Your Policy Additionally, there is no way around it, you need to know what is included in your insurance plan prior to disaster.

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Does GC Insurance Cover Subcontractors?

Levelset

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

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Construction Cost Audit Fundamentals

Job Order Contracting

Billings are linked to plans, schedules, and any unanticipated delays/issues. The process including identifying and analyzing direct costs and variances at a granular level and associated validation using source documents and independent locally researched construction cost information.

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Some vital construction documents for a construction project

Construction Cost Estimating

If it is required to develop a new building or refurbish surviving property, the owner should have arranged a document so that the work & other portions of the construction project can be performed systematically. Each construction project should comprise of crucial documents that generally form the part of every construction contract.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

That means they have even more to keep track of in their already busy schedules. Insurance and bonding requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. This type of software solution can also include workflows that automatically collect and track compliance documents.

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Don’t Settle Your Construction Dispute Without Checking with the (Insurance) Man

Best Practices Construction Law

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Contractor did not notify the insurance carrier of the dispute prior to settlement.