Construction Lawyer

MAY 20, 2009

Sabo & Zahn LLC is an Illinois Limited Liability Company. Subcontractors Mechanics lien allowed where bank seized generals funds » May 20, 2009. Liability for green design. Gary Cole has written an interesting blog entry about designers' liability for green projects here:  [link]. Copyright Notice.

Liability 40

Liability Green Design Illinois 40

Construction Lawyer

JULY 22, 2005

Sabo & Zahn LLC is an Illinois Limited Liability Company. Watch for Bank Shield Laws in Dealing with Lenders. A developer found out the hard way about laws that shield banks. Thus, the bank won and the developer was left to deal with the subcontractors. Unlimited liability for designers and contractors. Disclaimer.

Banking 40

Banking Deals Illinois AIA 40

Construction Law

NOVEMBER 4, 2024

Legal terms explained Tom Cadman of Herbert Smith Freehills LLP explains what is meant by Building Liability Orders. Project Bank Accounts and alliancing contracts are key measures that offer protection to the supply chain. Guest editor Emergency Arbitration: How can this international concept be applied to UK construction?

Construction 40

Construction Insurance Contract Liability 40

Levelset

JUNE 6, 2022

Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Debit Credit Bank or cash $90,000 Retention receivable $90,000. Debit Credit Bank or cash $10,000 Retention receivable $10,000.

Accounting 98

Accounting ABC Banking Liability 98

Construction Business Owner

MARCH 6, 2011

Mr. Rattner discussed the stress tests given by the Treasury Department to large banks that were receiving TARP funds. What would you do next week if you lost that job you had been banking on? Public Exposure and Liability on Construction Sites. Perhaps the real reason is what is politically too painful to allow to fail?

Construction 120

Construction Software Software Accounting 120

Green Building Law Update

OCTOBER 13, 2019

Numbers are difficult to quantify but one of the world’s largest investment banks, based in Europe, has said that by 2020 it expects half of assets managed by investment companies to have expressed ESG considerations. That number, on a global basis, seems overly optimistic.

DC 120

DC Sustainability Risk Liability 120

Construction Marketing

JULY 30, 2019

The benefit of banking on such referrals is that their skills and experience have already passed the test of time. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job.

Contractors 120

Contractors Insurance Compensation Liability 120

Construction Business Owner

FEBRUARY 23, 2012

For example, banks and other financial institutions put in stronger measures than many other industries. He noted, though, that while almost all banks protect secure transactions through the common HTTPS encryption, most of the security measures are implemented on the back end with multiple networks, firewalls, and layers of encryption.

Security 120

Security Construction Software Software 120

Green Building Law Update

JULY 24, 2016

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

Finance 120

Finance Lien Residential Commercial 120

Green Building Law Update

JANUARY 24, 2016

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. Commercial PACE programs are still very new.

Lien 120

Lien Finance Commercial DC 120

Contractor Bookkeeping

SEPTEMBER 29, 2017

The primary keeper of all the documents is you, your spouse, your employees, your suppliers, your bank, your credit card company. General Liability Insurance Provider. I know this is not a statement that any contractor wants to hear about their bookkeeping. It is easier to blame the bookkeeper for missing information.

Profitability 54

Profitability Contractors Compensation Liability 54

Contractor Bookkeeping

AUGUST 16, 2013

Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. -. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating. Bank Account - Petty Cash. Bank Account - Payroll. Cash On Hand.

Work in Progress 60

Work in Progress Accounting Construction Leases 60

Pro Builder

DECEMBER 7, 2020

In the email, a cybercriminal, posing as a business contact, would indicate an urgent matter that requires an employee to transfer funds to an altered bank account. Consider including a cyber liability policy in your strategy to reduce the impacts of an attack, while helping your team recover faster. . .

Risk 92

Risk Construction Security Bidding 92

Levelset

JULY 25, 2022

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

Debt 97

Debt Cash Flow Equity Finance 97

Green Building Law Update

SEPTEMBER 11, 2016

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent to a PACE loan is required. Maryland is typical.

Baltimore 120

Baltimore Maryland Finance Residential 120

Construction Business Owner

FEBRUARY 23, 2012

For example, I have a mobile banking app on my smartphone. With it, I can check my balance, see transactions, and transfer money, but I can’t apply for a loan on my phone like I can on the bank’s website. Public Exposure and Liability on Construction Sites. I like to think of apps as “software-light.” Wally Evans Blog.

Software 120

Software Software Construction Mobility 120

Construction Business Owner

MARCH 29, 2012

Does an electrical raceway run through a duct bank? Public Exposure and Liability on Construction Sites. Once the objects from the different disciplines are assembled, they can be analyzed to determine if there are any unforeseen clashes. BIM & Pre-Fabrication. BIM also allows construction to act more like manufacturing.

Construction 120

Construction BIM Software Software 120

Constructlaw

JULY 14, 2022

Bank of America, N.A. In January 2015, Sweet notified its subcontractors, including Arenson, of “the payment process” for the Project, noting that “all subs are being paid directly from the bank, but will be distributed by [Sweet].” Subcontractors were to submit payment requisitions to Sweet, which would submit them to bank.

Subcontracting 52

Subcontracting Banking Contract Claims 52

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

Income 108

Income Finance Zoning Employment 108

Levelset

OCTOBER 13, 2022

Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?

Insurance 52

Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 16, 2022

It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Completed operations coverage is bundled with a contractor’s general liability policy. Completed operations covers liability from work that is already completed (i.e., not in progress).

Insurance 52

Insurance Liability Claims Contractors 52

Construction Business Owner

JUNE 8, 2011

The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Public Exposure and Liability on Construction Sites. A real estate recession has reach far beyond the housing market alone. The full result can be found at [link]. Wally Evans Blog.

Construction 120

Construction Software Software Equity 120

Contractor Bookkeeping

JUNE 17, 2013

Downloading transactions from the bank works well for a lot of industries; but, NOT construction. There are many different places transactions need to be coded too.

Contractors 48

Contractors Accounting Banking Liability 48

Construction Law

AUGUST 5, 2024

CL guides Project Bank Accounts Our CL Guide comes from Ross Campbell of DLA Piper who explains how Project Bank Accounts are being used. Uncertainty remains over the scope and extent of extended liability under the Defective Premises Act 1972, they warn. Is this early promise already being eroded?

Construction 52

Construction Banking Insurance Safety 52

Contractor Bookkeeping

JUNE 21, 2012

The Larger Your Construction - Business grows the more likely you could end up operating like a bank without the hundreds of ways to generate revenues from fee income and interest calculation that banks use. Likewise larger firms can leverage economies of scale.

Profitability 48

Profitability Contractors Banking Change Orders 48

Construction Business Owner

MAY 11, 2011

The trouble is that banks often don’t have the capital cushion to foreclose on large properties and take the hit against their lending limit. Public Exposure and Liability on Construction Sites. A real estate recession has reach far beyond the housing market alone. The full result can be found at [link]. Wally Evans Blog. Recent Posts.

Construction 120

Construction Software Software Equity 120

Construction Business Owner

OCTOBER 14, 2011

But to count on them as the source of profit is to bank on an unpredictable variable that is not under your control, that is hard to manage, and that you may wish to use for a completely different purpose – business development (more on this in a moment). Public Exposure and Liability on Construction Sites. Wally Evans Blog.

Change Orders 120

Change Orders Construction Software Software 120

Contractor Bookkeeping

JUNE 15, 2012

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Lawyer

OCTOBER 6, 2012

Sabo & Zahn LLC is an Illinois Limited Liability Company. The Illinois First District Appellate Court recently issued its opinion in the case of Bank of New York v.   The plaintiff bank filed suit to foreclose on a mortgage.    The bank defaulted RBM after serving its registered agent.  Disclaimer.

Illinois 40

Illinois Lien Banking AIA 40

Contractor Bookkeeping

JUNE 20, 2014

Go To Your Bank - And they offer you a line of credit. Bank Accounts - Set up two bank accounts in your company name. The second bank account is for your debit card you keep in your wallet and has no more than $500 or whatever you need for small purchases during the week. It is a must have to borrow money from a bank.

Insurance 48

Insurance Construction Claims Accounting 48

Green Home Design Architect

MAY 21, 2010

Does the builder or remodeler have a permanent business location and a good reputation with local banks and suppliers? Does the builder/remodeler have sufficient workers compensation and general liability insurance? How long have they been in the building business? Have you called your local Better Business Bureau?

Remodeling 40

Remodeling Compensation Liability Accidents 40

Contractor Bookkeeping

JUNE 18, 2012

Bank Balance - Un-cleared Checks) = Cash. Assets - Liabilities) = Equity. All Bookkeeping Methods Share The Same Accounting Equations. Business Owners - Need three basic reports, Cash, Profit and Equity. Cash On Hand. Profit And Loss Report. Sales - Expenses) = Profit. Balance Sheet Report.

Contractors 58

Contractors Profitability Overhead Equity 58

Contractor Bookkeeping

DECEMBER 3, 2013

Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Insurance Liability. Bank Reconciliations.

Accounting 48

Accounting Washington Leases Insurance 48

Construction Lawyer

MAY 21, 2009

Sabo & Zahn LLC is an Illinois Limited Liability Company. « Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. Listed below are links to weblogs that reference Subcontractors Mechanics lien allowed where bank seized generals funds : Recent Posts. Disclaimer.

Lien 40

Lien Illinois AIA Chicago 40

Buisness Facilities Contributed Content

MARCH 21, 2014

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75

Income Finance Zoning Equipment 75

Contractor Bookkeeping

AUGUST 27, 2014

Chart of Accounts Payroll Tax Liabilities. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Insurance Liability. Bank Reconciliations. Chart of Accounts Intercompany Transfers. Chart of Accounts Payroll. Chart of Accounts Payroll Taxes. Chart of Accounts Customer Discounts. Chart of Accounts Taxes.

Contractors 89

Contractors Accounting Work in Progress Profitability 89

Construction Law Monitor

APRIL 29, 2014

A corporation or limited liability company is not an individual. Once a judgment is rendered against the party who is sued, then bank accounts, garnishments and property are all options for a quick collection. The key here is individuals representing themselves. Do nothing : This option is popular, but it is disfavored and inadvisable.

Contractors 68

Contractors Louisiana Contract Negotiation 68