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Construction Accounting Questions
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Construction Accounting
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I hired a GC to renovate my house. I believe he’s misappropriated close to $80,000 (overpaid himself, outrageous change order fees despite the fee amount
not being disclosed in the contract). As a commercial contractor myself, I have reviewed the invoices that he reluctantly gave me, and noticed f...Read More
South Carolinanot being disclosed in the contract). As a commercial contractor myself, I have reviewed the invoices that he reluctantly gave me, and noticed f...Read More
I had a drainage system put in my basement. And I financed the job. However, the finance company released the payment to the contractor before I signed
any type of paperwork stating the job had been completed to my satisfaction. All they did was leave a voicemail saying they were going to relea...Read More
West Virginiaany type of paperwork stating the job had been completed to my satisfaction. All they did was leave a voicemail saying they were going to relea...Read More
Hi, I am a 20-year-old contractor who cannot get a b-class license because of my age, my grandfather however has a sole propriety license and is willing to
convert it to an LLC. Can I act as one of the owners while using his license if he does so? thanks
Californiaconvert it to an LLC. Can I act as one of the owners while using his license if he does so? thanks
How project manager can minimise the financial impact of their construction projects due to Covid 19 outbreak?
AlaskaI'm a contractor who agreed thru a contract to install foundation for a homeowner, I found out that he originally placed me as the general contractor on his
permit. I never gave him permission to sign my name at the county building department. So yesterday he fired me saying I was taking to long...
Oregonpermit. I never gave him permission to sign my name at the county building department. So yesterday he fired me saying I was taking to long...
I work for an excavation company. We don't use Levelset at the company I currently work for. The company that I used to work for used Levelset, and it was
very helpful. Recently, I took over the billing at the company I currently work for and noticed that there are more than a few jobs that have unpai...Read More
Californiavery helpful. Recently, I took over the billing at the company I currently work for and noticed that there are more than a few jobs that have unpai...Read More
Can the officer of a construction company enforce a mechanic's lien which was properly recorded in the county in which the property is situated if (1) the lien
was recorded with the individual officer's name listed on the lien as the claimant, rather than the construction company itself which performed th...Read More
Californiawas recorded with the individual officer's name listed on the lien as the claimant, rather than the construction company itself which performed th...Read More
I have two questions both using an AIA cost plus contract with a guarrenteed maximum price. What documents would you normally expect to be in a final
accounting? Down to drayage tickets and certified payrolls? The General Contractor has a contingency in the schedule of values. If not used, the ...Read More
Alabamaaccounting? Down to drayage tickets and certified payrolls? The General Contractor has a contingency in the schedule of values. If not used, the ...Read More
An (Oregon) contractor did work on our house 5 or 6 years ago. As far as we know, we've paid everything he's billed us for. When he was doing the work, he
presented us with an invoice monthly, and we paid him on the spot. I think all in all we ended up paying him about $70k. There may have been a...Read More
Oregonpresented us with an invoice monthly, and we paid him on the spot. I think all in all we ended up paying him about $70k. There may have been a...Read More
I’ve searched different websites and still can’t find an answer. I’m a California general contractor and a subcontractor (cabinet maker) is asking for a 10%
deposit ($10k) and wants progress payments while they are fabricating the cabinets. Since I, as a GC, can’t ask for progress payments without ...Read More
Californiadeposit ($10k) and wants progress payments while they are fabricating the cabinets. Since I, as a GC, can’t ask for progress payments without ...Read More
from The 5 Main Types of Contracts in Construction What are the construction contracts that obligate the contractor to own the money before signing the
contract? , And what are the contracts that obligate the owner to own the money before signing the contract? I hope I formulated the question well
Floridacontract? , And what are the contracts that obligate the owner to own the money before signing the contract? I hope I formulated the question well
Our crew was working on a residential remodel in mid-June. House value $ 650K. Our remodel contract was for some $ 420K. Large house in bad shape.
Crew returned from a half-hour lunch break to see flames coming out of window of the room where they had been working. They responded ad...Read More
New YorkCrew returned from a half-hour lunch break to see flames coming out of window of the room where they had been working. They responded ad...Read More
How do I file a claim against the General Contractors Liability Insurance when the GC allowed a Non-licensed person rent his GC license leaving a homeowner
with negligent, shoddy work when the GC was never on the job and the non-licensed person took $100,000 for work not completed and products ...Read More
Floridawith negligent, shoddy work when the GC was never on the job and the non-licensed person took $100,000 for work not completed and products ...Read More
I would like to know where on the pay application would you input the rain days
TexasI am a "safety engineer" with a GC. My primary job functions consist of assessing risk with our superintendents and recommending solutions to them.
However, I do not have the authority to make policy or change our company policy; I am only permitted to interpret the policies as written. I do n...Read More
ArizonaHowever, I do not have the authority to make policy or change our company policy; I am only permitted to interpret the policies as written. I do n...Read More