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Five Basic Construction Accounting Tasks To Complete Every Month

Contractor Bookkeeping

Proper construction accounting is all about the details. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero, must be assigned to the proper accounts: Income. The answers you need to operate and grow your company are in reports.

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Construction Project Managers Go Mobile

Carol Hagen

o Permits. Update: Blackberry used by Project Manager to access contact directory in Corecon Mobile V7: I should also mention that Corecon has a fabulous integration to Quickbooks, SAP and Simply Accounting so contractors won’t need to rekey the data and worry about transposing errors. Project Leads. Leads Listing. Bid Calendar.

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Recovering Field Overhead Expenses

Federal Construction Contracting Blog

One such decision a government contractor might be tempted to make is to accept additional field office (jobsite) overhead (FOOH) expenses for a change on a percentage markup basis, especially for a change that may not even have required an extension to the contract completion date.

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What are Preliminaries in Construction Contracts?

Lets Build

The easiest way to define preliminaries in construction is as a group of items necessary for a construction company or contractor to complete a project but that won’t become a part of the finished work—site overhead, scaffolding, powering the site, etc. Free eBook: Guide to a digitised QHSE organisation. What are prelims?

Contract 144
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Why Successful Contractors Use Professional Bookkeeping Services

Contractor Bookkeeping

First Important Principle In Construction Accounting: Everything starts with Cash because Cash Is Fact; Profit Is An Opinion. All transactions in the bank account of your construction accounting system no matter if it is QuickBooks or Xero must be assigned to the proper accounts: Income. Job Deposits.

Income 48
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Ohio Court Reforms Construction Contract to Correct “Manifest Absurdity” in Termination for Convenience Term

Constructlaw

which provided that the Owner will make payments for “work executed, including reasonable overhead and profit and direct costs incurred by reason of such termination.” including a 25% margin for overhead and profit. Courts are permitted to interpret a contract so as to not create a “ manifest absurdity.”.

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Measurement Fails in Business, Part II: Real-World Examples and Solutions

Pro Builder

I wonder how often the Pittsburgh decision-makers were overhead proclaiming “The numbers don’t lie! Do you include time spent in the permitting process? Permitting is hyper-local and can vary dramatically even within a single metro area, taking from two weeks to two months or more based on location and jurisdiction.

Permits 98