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Assessing Key Tax Methods for Contractors

Construction Business Owner

Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes. The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities.

Cash Flow 156
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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.

Risk 356
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2022 Job Order Contracting

Job Order Contracting

4BT tools and services were specifically developed to provide a lower cost, higher performing Job Order Contracting Solution. The post 2022 Job Order Contracting appeared first on 4BT. support services. Instead of a sole focus upon faster procurement we enable on time, on budget, quality outcomes.

Contract 263
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What Have You Agreed To?

Construction Business Owner

Use these tips to help you understand the details of the contracts you're signing. The responsibility and liability is yours.

Liability 255
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Tenant’s New Defense to Hazardous Substance Liability

Green Building Law Update

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq.,

Liability 149
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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

Army Job Order Contracts fail to meet critical AFARS requirements most of the time. The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price.

Contract 264
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Beyond Driver Exoneration: How Dash Cams Reduce Exposure to Nuclear Verdicts

Construction Business Owner

Timely detection and correction of unsafe behavior through video-based coaching: Helps prevent crashes and violations, Reduces potential liability, and Improves employee retention. A well-designed CAT program will also align with state labor laws, contracts, and any union agreements. 4) Share safety improvements.

Safety 194