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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

Retainage : It’s been a hot button topic in the construction industry for years. Given the slim profit margins on construction projects, retainage practices can be incredibly frustrating for contractors. Texas lien law: ‘Retainage’ or ‘reserved funds’? Lien for unpaid retainage.

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N.C. Construction Law, Policy and News blog: Worthy insights regardless of where you live

Construction Marketing Ideas

Construction Law, Policy & News blog provides worthy insights — even if you don’t live anywhere near North Carolina. Construction Law, Policy and News blog continues its multi-year reputation of providing solid and relevant information for the AEC industry within North Carolina. Buy out subcontracts thoughtfully.

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#66:  Labor Inefficiency Costs: Who Pays? How Much?

NH Construction Law

If the available space for construction gets compressed, workers who are confined by a tighter site or other physical obstacles they didn’t count on, or whose anticipated lay-down or staging areas are shifted to a more distant off-site location, will become less productive. In Fraser Engineering Company, Inc.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. 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.

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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations  

Autodesk Construction Cloud

Until recently, software applications for managing the finances of construction paid little attention to anyone outside of the back office. Operations teams, who are responsible for managing projects and ensuring profitability, increasingly assert themselves as crucial stakeholders in software procurement and adoption.

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Job Order Contracting – Best Practices Implementation

Building Information Management

Job Order Contracting enables a pre-qualified contractor(s) to perform repair, renovation, or minor construction of a facility or other form of built structure based on pre-described and pre-priced tasks as defined within a Unit Price Book – UPB. Asbestos and similar abatement may also be included if part of an overall project.

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State by State Incentives Guide

Buisness Facilities Contributed Content

It allows for the construction of roads, bridges, etc. Industrial Revenue Bonds: May be used as long-term financing of up to 100% of a project for: Acquisition of land, buildings, site preparation and improvements; Construction of buildings; Acquisition and installation of furnishings, fixtures and equipment; Capitalizable soft costs (e.g.,

Income 108