article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). All my leases are related party.”. Greg Ragsdale.

Leases 177
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This can be done through a purchase or lease agreement. To Lease or Sell?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. The firm was founded in 2007 by two ex-employees of Bovis Lend Lease – Barry O’Sullivan and Dennis Bernard who left the business three years ago.

Debt 79
article thumbnail

PACE in Maryland is Not Keeping Pace

Green Building Law Update

PACE offers a host of benefits, including: removing the barrier of a large upfront cash outlay by the property owner; allowing 100% financing of improvements; in amounts over loan value ratios available in the marketplace; without disturbing existing mortgage financing; underwriting tied to the property and improvements and not individual creditworthiness; (..)

Maryland 136
article thumbnail

Leaseback: Get a New Building While Keeping Capital in Your Business

Wolgast Corporation

By definition, leaseback is a construction delivery method whereby a developer builds, finances, and leases a facility back to a business owner, allowing him or her to keep capital in the business. Here are the key benefits: Lease payments are fully deductible as a business expense by the lessee.

Leases 62
article thumbnail

Michigan law provides local governments with flexible energy conservation financing

BD+C

A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.

article thumbnail

New Michigan law provides local governments with flexible energy conservation financing

BD+C

A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.