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Construction Accounting Questions
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Construction Accounting
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I just hit my GC license in NY. I have a construction project I am taking over and need to higher laborers. Generally I hire licensed sub contractors that have
their own policies. Do I need to increase my insurance levels or who should I talk with about this issue? Accountant? Lawyer? Insurance Broker?
New Yorktheir own policies. Do I need to increase my insurance levels or who should I talk with about this issue? Accountant? Lawyer? Insurance Broker?
Customer playing games trying to get a cut off an insurance change order payment.
ConnecticutHow do i pay a subcontractor prevailing wage when im getting the prevailing wage? How would he charge me?
ConnecticutHow do you allocate overhead expense (G and A)? Do you base it on revenue or actual markup rate that each agency gives you
New YorkThe University awards Consulting Agreements which are 100% reimburseable - essentially cost contracts - do invoices have to be certified no matter the
value of the invoice?
New Mexicovalue of the invoice?
What the stander percentage of mobilization & demobilization from total cost of work
KansasDoes the contractor have to provide receipts as proof they were not paid and what about labor hours? How does one prove hours put in for labor?
MaineHi guys, I'm a Finance manager working withing a fairly large construction and civil engineering business based in London. I've been trying to get the WIP
message out and the have been playing around with ways of showing this graphically as this seems to be what the commercial teams seem to fo...Read More
Alabamamessage out and the have been playing around with ways of showing this graphically as this seems to be what the commercial teams seem to fo...Read More
What is the standard for billing for pre construction costs?
CaliforniaWe are a general contractor/construction management group that does projects ranging between $5M and $100M. It's a challenge for us to manage change
orders, vendor/sub pay apps, lien waiver collection, submitting owner billing, etc., and generally tracking the dollars & cents & risk as it winds its ...Read More
Virginiaorders, vendor/sub pay apps, lien waiver collection, submitting owner billing, etc., and generally tracking the dollars & cents & risk as it winds its ...Read More
I have a contractor who wants to hold 10 percent retention. But is telling me that I need to be a 100 percent at the 90 percent draw saying the last 10
percent is rention, I'm on the assumption that I should be 100 percent at the 100 percent draw and he can hold the last 10 percent for 45 days
Californiapercent is rention, I'm on the assumption that I should be 100 percent at the 100 percent draw and he can hold the last 10 percent for 45 days
The debtor's attorney says this mechanics lien is invalid. Is it invalid, and what do I do if it is?
There is a company that filed a lien on the property for the amount of $7,650.00. They were contacted by the debtor's attorney and they made an offer to
remove the lien for the amount of $7,650.00. The company was then advised to remove and reattach another lien for $27,300.00. This was done...Read More
Texasremove the lien for the amount of $7,650.00. The company was then advised to remove and reattach another lien for $27,300.00. This was done...Read More