Levelset

JUNE 6, 2022

It can significantly impact the financial standing of contractors, especially when working on projects with a small profit margin. ABC Contractor is billing a project owner for $100,000 with 10% retention. When ABC completes the project, they will invoice the customer for $10,000 in retention. According to Steven J.

Accounting 98

Accounting ABC Banking Liability 98

Levelset

APRIL 28, 2022

In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. ABC has a $750,000 deductible on the SDI policy, so the total claim payout is $450,000 ($1.2

Insurance 52

Insurance Contractors Claims ABC 52

Autodesk Construction Cloud

JULY 7, 2022

The Associated Builders and Contractors (ABC) estimates the construction sector would need to bring in nearly 650,000 additional workers in 2022 to meet labor demands. As Anirban Basu, ABC Chief Economist said in a statement, “The workforce shortage is the most acute challenge facing the construction industry despite sluggish spending growth.

Software 105

Software Software Management Construction 105