Remove Document Remove Documentation Remove Liability
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The Value Of Documenting Effective Construction Business Systems

Contractor Bookkeeping

Unfortunately, when a construction business grows, and staff need to be hired – or the owner needs to take time away from the company – it's an absolute liability not having processes and systems documented in one place. To be in business and to remain in business, become a business person!

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Legal Documents. There are many different types of insurance in the United Kingdom.

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Construction Liability Issues: Common Risks and How to Mitigate Them

Building Radar

From safety hazards to contractual disputes, the industry faces numerous liability issues that can lead to costly legal battles, project delays, and financial losses. In this article, we’ll explore some of the most common construction liability issues and provide strategies to address them effectively. Documentation is also key.

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3 ways to avoid defects in construction

Lets Build

Design defects are a result of the design team failing to produce organised and accurate construction documents. Workmanship defects are what usually come to mind when you think about defects in construction—they occur when someone fails to follow the project’s documents when building components or structures. Design defects.

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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. “In interpreting a multiple-document agreement, we seek to harmonize and give effect to the provisions of the various documents so that none will be rendered meaningless.”

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

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. These types of transactions are not always sufficiently documented, and terms and conditions may not be at arm’s length. This requirement is FASB aiming for better transparency into the financial positions of companies.

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Project documentation and marketing (how can you turn the process to your advantage)

Construction Marketing Ideas

Site documentation images required hours of effort to manage and co-ordinate. Others such as Michael Stone have argued about the advantages of solid image documentation of your work projects. More immediately, the on-site documentation can help prevent conflicts and inconsistencies or at least help manage and control problems.