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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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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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Now is the Time to Revise your Green Building Contracts

Green Building Law Update

And that litigation predated the increased liability associated with materials including the new largely untested EPDs and HPDs. And while this law firm makes a business of drafting and revising contact documents, there are very good contracts available in the marketplace.

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Less than 20% of Green Building Contracts Properly Drafted

Green Building Law Update

It is of interest that 61% of the contracts used at least a part of an AIA Contract Document form although most were older out of date versions and significantly only 8% used a correct AIA Sustainable Project Contract Document form. Only 1% used the ConsensusDOCS Green Building Addendum.

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Why It’s Time for Contractors to Adopt Collaborative BIM

Viewpoint Construction Technology

Accessible, version-controlled documents —BIM software solutions simplify data management and expand accessibility of documents to the entire team. View, markup, and revision capabilities make changes visible to everyone in one source document to ensure everyone is working with the most recent data at all times.

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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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You Need a Green Building Consultant (Who Speaks for the Trees)

Green Building Law Update

Those responses are not inconsistent with and, in fact, should be considered concomitantly with the conclusion, having worked on LEED projects since 2001, that the second best way to mitigate risk and avoid liability in sustainable building is a green building consultant working for the owner.