Levelset

AUGUST 4, 2022

If the total cost of running the business is $200,000 (including salary, rent, insurance, etc.), Using tools like a mechanics lien to secure payment can help ease the burden. divide $200,000/$50,000 and get a breakeven rate of 2.5. . That means in order to break even, they need to bill their clients at 2.5x

Cash Flow 52

Cash Flow Budgeting Budget Forecasting 52

Construction Law Monitor

NOVEMBER 6, 2015

In the construction industry, we speak a lot about the filing of a mechanic’s lien. Similarly, the payment bond requirement helps mitigate some of a subcontractor’s and/or material supplier’s potential reluctance to work on such projects in light of sovereign immunity preventing one from filing a mechanic’s lien against the government.

Lien 40

Lien Claims Materials Contractors 40

Levelset

AUGUST 16, 2022

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. GCs can also purchase subcontractor default insurance to reduce this risk. Scope of work compared with past projects.

Risk 52

Risk Cash Flow Construction Banking 52

Contractor Bookkeeping

JANUARY 2, 2015

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Understand When A Transaction Is Income - And when it is not income.

Construction 48

Construction Insurance Accounting Claims 48

Construction Law Monitor

MARCH 6, 2012

The application needs to include the following information in addition to proof of workers compensation insurance: (B)(1) The applicant’s name, home address, business address, and social security number. (2) The contractor needs to make a written application with the SLBC, under oath. See La R.S.

Louisiana 68

Louisiana Contractors Certification Contract 68

Construction Marketing Ideas

OCTOBER 23, 2013

These rules have foundation in libel law, which publishers need to understand more than contractors (thankfully, we don’t need to worry too much about construction liens in our own business, however.) Never write an email you would not want to be seen in public and/or used in legal action. I have neither.

Legal 54

Legal Lien US Guidelines 54

Contractor Bookkeeping

MARCH 9, 2013

Sending the Notice to Owner of Intent To Lien to protect my financial interests. Process payroll and include reimbursements, health insurance, loans and garnishments. Fill out and file Employment Security quarterly tax returns. The Top Twelve Things We Hear Most Often. Keep track of loans to employees. Enter bank deposits.

Contractors 48

Contractors Cash Flow Banking Change Orders 48

Contractor Bookkeeping

OCTOBER 4, 2013

Make certain they have current technology which means they have equipment in a secure server farm that allows you remote access to your QuickBooks desktop version on the internet. And the building needs to have a secure lock box that allows you to drop paperwork off 24/7/365 when it is convenient for you, not just during business hours.

Profitability 48

Profitability Construction Accounting Cash Flow 48

Construction Lawyer

AUGUST 5, 2005

The California Constitution states: Trial by jury is an inviolate right and shall be secured to all, but in a civil cause three-fourths of the jury may render a verdict. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. TrackBack URL for this entry: [link]. Add me to your TypePad People list.

California 40

California Illinois AIA Chicago 40

Building Information Management

APRIL 24, 2016

Competitive quotations shall be secured wherever feasible, and in all instances, when requested by the Owner. Contractor is responsible for receiving and securing materials, including unloading of delivery trucks, checking deliveries, and transportation to the work area. Modification to Job Orders. Over 5,000,000.

Contract 40

Contract Contractors Materials Site 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108

Income Finance Zoning Employment 108

Green Building Law Update

JUNE 7, 2020

And arguably the new laws that were enacted were dwarfed, at least in the short and mid term by the impact on real estate of the federal Coronavirus Aid, Relief, and Economic Security Act , the Maryland Governor’s Executive Orders related to COVID-19 , and the COVID-19 Administrative Orders of the Maryland Court of Appeals.

Maryland 227

Maryland Leases Housing Commissioning 227

Buisness Facilities Contributed Content

MARCH 21, 2014

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75

Income Finance Zoning Equipment 75

Building Information Management

JULY 27, 2016

00 43 13 Bid Security Form. 00 61 16 Lien Bond Form. 00 62 16 Certificate of Insurance Form. Affidavit of Release of Liens Form. 00 73 16 Insurance Requirements. 00 73 63 Security Requirements. 00 61 16 Lien Bond Form. 00 62 16 Certificate of Insurance Form. Affidavit of Release of Liens Form.

Equipment 45

Equipment Construction Schedule Concrete 45

Building Information Management

JULY 27, 2016

00 43 13 Bid Security Form. 00 61 16 Lien Bond Form. 00 62 16 Certificate of Insurance Form. Affidavit of Release of Liens Form. 00 73 16 Insurance Requirements. 00 73 63 Security Requirements. 00 61 16 Lien Bond Form. 00 62 16 Certificate of Insurance Form. Affidavit of Release of Liens Form.

Equipment 40

Equipment Construction Schedule Concrete 40