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Understanding Design Defect Legal Liability

Construction Business Owner

As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase. Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Is There No Free Lunch or Construction Software?

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. « Considering New Accounting Software? 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. Good on new and used equipment, including software. accounting software.

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

Levelset

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Fariba Mehdian.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Querying different type of jobs in job costing to look at profitability by type. If the answer is no, then now may be the time to start looking into new tools and software programs that can make your job—and your life—easier. Is There No Free Lunch or Construction Software?

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Is There No Free Lunch or Construction Software? Top 5 Trends in Construction Software. Public Exposure and Liability on Construction Sites. accounting software.