Constructonomics

MAY 2, 2014

I kinda felt like I came home from work one day and my house was burnt to the ground. So while we are still not resolved, I have learned a few things about dealing with non-payment and I figured I’d share a few of them so maybe you can do a little better then next time your figurative house burns down.

Lien 186

Lien Finance Deals Legal 186

Pro Builder

AUGUST 3, 2021

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. Tue, 08/03/2021 - 14:15. CEO Vaughan Buckley says VBC will reach out to some Katerra employees and customers. The purchase could close as early as Aug.

Bankruptcy 98

Bankruptcy Mobility Philadelphia Phoenix 98

Pro Builder

JUNE 11, 2020

The housing market is rebounding with unexpected strength, but as stimulus support measures come to an end, securing housing will be one more arena where America’s wealth gap will rear its head, according to Forbes. And if so, will it be felt by the entire housing market, or only at certain levels of the market?

Bankruptcy 52

Bankruptcy Resource Housing Security 52

Contractor Bookkeeping

JUNE 12, 2013

If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy. If the contractor believes the company is overcharging they may lower bid prices, lose money on all jobs, eventually run out of cash and file bankruptcy.

Accounting 48

Accounting IDEA Bankruptcy Construction 48

Buisness Facilities Contributed Content

MAY 21, 2014

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October.

Detroit 49

Detroit Bankruptcy Michigan Banking 49

Buisness Facilities Contributed Content

JANUARY 28, 2013

.” “This is a significant milestone in our restructuring and represents substantial progress that we expect will allow us to continue down a path toward successfully emerging from bankruptcy,” Spanjers said. Tentative plans call for the move to Minnesota to be completed by May 2013. Pinnacle Airlines Corp.

Minnesota 53

Minnesota Memphis Minneapolis Airports 53

Pro Builder

OCTOBER 3, 2020

Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? Solve that, and you’ll soon become the builder of choice. .

Profitability 96

Profitability Finance Schedule Products 96

Contractor Bookkeeping

JULY 27, 2012

Bad Numbers - Lead to bad decisions / cash shrinks / business unstable / bankruptcy or failure. Bankruptcy - Result of saving money on bookkeeping and making decisions on garbage reports. Insanity - Hiring and firing cheap in-house bookkeepers over and over and over expecting useful reports. Hard Work - Expressway to Retired.

Contractors 64

Contractors Cash Flow Construction Accounting 64

Pro Builder

JANUARY 3, 2022

VB: Yeah, the traditional home builders are more interested in seeing a panelized program out of the factory for their housing which we're open to. 3 Reasons Off-Site Construction Could Help Shape the Future of Housing. Housing, Industrialized: Your Road Map to Off-Site Construction.

Inventory 98

Inventory US Site Products 98

Buisness Facilities Contributed Content

JULY 3, 2013

by the housing market collapse. In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. State legislators now are busy arguing over how to spend a budget surplus estimated at up to $4.4 California (along with Florida and Nevada) was hit harder than anywhere else in the U.S.

California 51

California North Dakota Connecticut Wisconsin 51

Contractor Bookkeeping

MARCH 7, 2013

He was not aware of the extent of the problem because the bookkeeper hid the bounced check notices and intercepted the phone calls from the bank, the angry merchants and suppliers by applying for new credit cards in the contractors name to finance the house of cards. At that point he knew something was very, very wrong.

Cash Flow 52

Cash Flow Contractors Banking Accounting 52

Construction Lawyer

SEPTEMBER 22, 2005

« Housing boom leads to copyright litigation increase | Main. | The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Waivers of liens: fraud.

Lien 40

Lien Illinois AIA Chicago 40

Buisness Facilities Contributed Content

AUGUST 29, 2013

A new $192-million data center will replace the existing National Computer Center located at the SSA Headquarters Campus in Woodlawn, MD, which houses computer operations essential to prompt and accurate payment of benefits to Americans. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months.

Maryland 53

Maryland Baltimore Electrical Houston 53

Pro Builder

OCTOBER 12, 2022

Your business credit report also provides necessary information about your company, such as your business background, ownership and subsidiaries, financial information, any bankruptcies, risk scores, and banking, trade, and collection history. Lessons Learned From Previous Housing Market Disruptions.

Debt 52

Debt Finance Risk Bankruptcy 52

Contractor Bookkeeping

AUGUST 6, 2014

Just like house builders love chatting with sub-contractors and building material suppliers because you all speak the same language. Even QuickBooks For contractors has an entire section devoted to tracking the costs of construction and they attempted to put it together in a way that mirrors the high-level phases of building a house.

Finance 49

Finance Accounting Construction Banking 49

Contractor Bookkeeping

JUNE 17, 2013

Get this part right and you win, get it wrong and you will not know it until you are standing in bankruptcy court trying to figure out what went wrong. Which means the construction company will be in a position to transition to an in-house construction accounting team.'

Contractors 49

Contractors Accounting Finance Bankruptcy 49

NH Construction Law

OCTOBER 22, 2023

Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy.

Security 40

Security Contract Accounting Construction 40

Contractor Bookkeeping

OCTOBER 3, 2014

Being Ripped-Off And Driven Into Bankruptcy! Which means some contractors think we are crazy to suggest that any trusted employee, especially an in-house bookkeeper would steal money from their company and so they ignore us until it was too late. An Alarming Number Of Construction Company Owners Are. That sounds harsh but it is true!

Accounting 49

Accounting Construction Banking Contractors 49

Contractor Bookkeeping

FEBRUARY 5, 2014

At that, sadly, is during the bankruptcy proceedings or at the auction where their entire construction company is being sold for pennies on the dollar to pay off some of the mountain of debt they accumulated. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?"

Accounting 49

Accounting Construction Profitability Contractors 49

ProcurementExpress.com

NOVEMBER 30, 2016

A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? The project is almost completed and just figured that out. I can not afford this loss.

Risk 52

Risk Construction Plans Structural Engineering 52

ProcurementExpress.com

NOVEMBER 30, 2016

A real life example: I am a contractor and I have underbid a house by $14000. What can I do besides bankruptcy? What to do when you can’t afford a QS and you heedlessly bid less than a project ends up costing you? The project is almost completed and just figured that out. I can not afford this loss.

Risk 40

Risk Construction Plans Structural Engineering 40

Contractor Bookkeeping

FEBRUARY 14, 2014

Innovation Or Bankruptcy. For Example: On the way to the construction supply house I would call and place my order because they always answered the phone if it meant having a customer at the counter wait and cool their heals. One is for construction company owners that are considering hiring an in-house construction bookkeeper.

FAQ 50

FAQ Contractors Accounting Security 50

Green Building Law Update

JULY 5, 2020

In a motion in a Bankruptcy case the landlord demanded payment of post petition rent from the Hitz Restaurant Group or that the Chicago restaurant vacate the premises immediately. The Bankruptcy judge, the Honorable Donald R. Bankruptcy Court, Northern District of Illinois, Eastern Division, June 3, 2020.

Bankruptcy 156

Bankruptcy Leases Illinois Permits 156

Construction Test

MAY 19, 2020

They live in a Georgian mansion in Gigginstown House, near Delvin in County Westmeath. . What part of ‘no refund’ don’t you understand?’ ’ In his personal life he married Anita Farrell in September 2003, and the couple have four children. Consumer group Which?

Travel 26

Travel Claims Deals Airports 26

Pro Builder

JULY 26, 2021

Pandemic Exposed Deep Housing Issues, Says Harvard Report. At the beginning of the COVID-19 pandemic, every analyst, pundit, and prognosticator predicted the housing market would tank, possibly even to 2009 levels during the great crash. 3 Reasons Off-Site Construction Could Help Shape the Future of Housing. Building Lean?

Overhead 105

Overhead Housing Profitability Materials 105

Construction Knowledge

MARCH 15, 2013

The developer/contractor built four of the six approved large condo multi-family housing buildings. I know I’ve been blessed to not have to go through that painful process of bankruptcy. What made me think about this song, though, was a project we’re pricing near Philadelphia.

Bankruptcy 40

Bankruptcy Philadelphia Accidents Bidding 40

Business Facilities

AUGUST 1, 2014

Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009.

Metro 111

Metro Detroit Austin Baltimore 111

Buisness Facilities Contributed Content

APRIL 15, 2014

USDA Rural Development in Alabama: A variety of loan, grant, and loan guarantee programs, plus technical assistance in the areas of business and industry, cooperative development, rural housing, community facilities, water and waste disposal, and telecommunications, including distance learning and telemedicine. TAX INCENTIVES.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

In-House Research and Development – New and existing eligible businesses that conduct “in-house” research that qualifies for federal research and development tax credits may qualify for in-house research income tax credits. of Agriculture & Housing and Urban Development’s Community Dev.

Income 75

Income Finance Zoning Equipment 75

Construction Test

MAY 13, 2020

Grandson Alan Ginges, 32, has been accused of murdering his grandmother Betty Dobbin, 82, in the house they share in County Antrim, Northern Ireland. Grandson Alan Ginges, 32, has been accused of murdering his grandmother Betty Dobbin, 82, in the house they share in County Antrim, Northern Ireland. He did not reveal his source. .

Estimating 26

Estimating Bankruptcy Modeling Risk 26

Contractor Bookkeeping

AUGUST 20, 2014

They get up every morning with a gleam in their eye and they leave the house with a cell phone in one hand, an order pad in the other, steering the truck with their knees and riding the steel horse to another grand adventure knowing they are one job away from massive success or spectacular failure. In most cases neither one is true.

Contractors 50

Contractors Accounting Cash Flow Project Management 50