Understand Your Trailer GVWR (Gross Vehicle Weight Rating)
WEBNov 2, 2011 · While the GVWR is rated at 14,600 pounds, the GAWR or Gross Axle Weight Rating is still only 12,000 pounds and you cannot exceed that capacity rating. In this case, you still have to include the 2,600-pound trailer weight. That weight must be transferred to the tow vehicle, but that transfer is also limited by the hitch capacity.
A Contractor's Guide to OCIPs - Construction Business Owner …
WEBMay 24, 2012 · Mike Hastings is a national project risk practice leader within Marsh’s U.S. Construction Practice. Over the past 17 years, he has taken a lead role in developing and implementing Marsh’s consultative approach to construction project risk management, including risk identification, financial modeling, loss control and mitigation, insurance program design, and consulting services for company ...
How to Read Your Financials - Costs in excess of billings
WEBNov 2, 2011 · Working capital is defined as the total of "current assets" comprised of your cash, receivables, retainages, costs in excess of billings, work-in-progress, inventories and prepaid expenses minus your current liabilities. Your current liabilities are comprised of your lines of credit, principle payments of debt due within twelve months, accounts ...
How the Additional Insured Clause Puts Contractors at Increased …
WEBNov 2, 2011 · The following risk management protocols are recommended: Update all subcontracts and purchase orders to reflect these changes in additional insured endorsements. Many endorsements "follow" the subcontract requirements. Additional insured coverage will "mirror" the contract. Be specific on what is required.
To Report or Not to Report: Basics of 1099s
WEBOct 25, 2012 · Form 1099-MISC is used to report payments made to vendors that provide services to a business. In that statement alone there are some keys to what needs to be reported including: (1) “To a Business.”. First, the payments need to be made in a business, so you don’t have to prepare a 1099-MISC for the guy who cuts your home lawn!
The Disadvantaged Business Enterprise Program
WEBOct 21, 2019 · One of the most discussed and misunderstood arenas of the construction industry is the disadvantaged business enterprises (DBE) program. For those who already participate in the program or wish to own and operate a certified DBE, it is critical to know the history and rules of the system. Conceived in …
The Evolution of Construction Tech: 20 Years in Review
WEBJan 22, 2020 · According to Ian Ouellette, vice president of product at Triax Technologies, a construction tech provider connecting jobsites through the internet of things (IoT), “Mobile phones were newly available. There were no smartphones. Wi-Fi had only been available to consumers for 1 year—still a very early product. There was no connected activity.
20 Female Leaders in Construction You Need to Know
WEBNov 11, 2019 · If you want to see an example of climbing the corporate ladder, look no further than Sandra Lawson. In 2005, she joined the team at Venture Construction Group of Florida Inc., which was under another name at the time, as a part-time receptionist. Over the years, she gradually learned every division of the company.
The Most Common Types of Construction Fraud
WEBNov 2, 2011 · Falsifying Payment Applications. False pay applications account for more than half of construction frauds. These applications can happen several ways- through erroneous totals or line items, roll-forward errors, false invoices or inflated rates in the supporting invoices that do not reflect the actual costs incurred.
13 Construction Technology Trends to Watch
WEBDec 9, 2020 · 1. Building Information Modeling. Building information modeling (BIM) has become the most commonly used technology in the construction industry. Seventy-three percent of United States contractors surveyed by Dodge Data & Analytics report utilizing BIM, with 79% of those using it on more than 30% of their projects.