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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 177
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Construction Accounting Software Selection is Strategic

Carol Hagen

Is this Your Construction Accounting Software Selection Process? Choosing a Construction Accounting Software Solution can be a daunting task. It’s the vision of where you are going, recognizing that today’s construction accounting software impacts more than the finance department.

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2023 Collaborative Job Order Contracting

Job Order Contracting

Owners must provide leadership and accountability and not excessively rely upon “JOC consultants” #2. JOC Programs must be collaborative with all parties working in a compliant, fully transparent environment, and towards mutually beneficial well-defined goals. In many instances, this has simply not been the case. #1.

Contract 225
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Project Documentation: The Bad Little Email That Got Produced

Best Practices Construction Law

Believe it or not, there are always a wealth of emails and other documents produced in litigation that help “make the case” for the other side. We also need to consult the claims team to determine how late we really are. ” Best Practices advises that you should have a written document management policy in place.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The use of consultants to prepare estimates must be carefully structured and reviewed, to make sure that no conflicts of interest exist from a Government-Contractor relationship aspect. All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level.

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Access BIM Information for Free

Job Order Contracting

Build your own data files and attach any type of document after consulting and navigating the BIM model in Building in Cloud. Create a Free Account 2.Create Access BIM information for free and report on the quality, condition, maintenance and safety of a building. Just follow these simple steps to get started now! Start work.

BIM 150
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Hiring a Safety Consultant to Handle your ISNetworld® Account

Safety Services Company

Here are some tips and red flags to look out for: Avoid ISNetworld® consultants who only provide cookie cutter, downloadable safety programs and no real safety advice. There are many levels of ISNetworld® consulting available in the market place. Check your potential consultant’s references and reputation.