Understand Your Trailer GVWR (Gross Vehicle Weight Rating)
Nov 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.
Construction Business Owner Magazine
Learn how Mazzella Lifting Technologies optimized operations and kept their fleet moving with smart telematics solutions. The knowledge to ensure your construction projects adhere to prevailing wage requirements. Discover how to standardize your schedule of values, application for payment processing, lien waivers and change orders.
Near Miss Examples in the Workplace - Construction Business …
Nov 2, 2011 · Here are some examples of near misses in the workplace: An employee trips over an extension cord that lies across the floor but avoids a fall by grabbing the corner of a desk. An outward-opening door nearly hits a worker who jumps back just in time to avoid a mishap. Instead of using a ladder, an employee puts a box on top of a drum, loses ...
How to Read Your Financials - Costs in excess of billings
Nov 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 ...
The Contractor’s Guide to QuickBooks - Construction Business …
Feb 1, 2022 · QuickBooks is a valid choice for its reasonable cost, ability to manage job costs, manage subcontractors and more. Not only does QuickBooks hold 80% of market share for accounting tools, almost 12% of QuickBooks customers are in the construction industry. This is the third-largest segment of QuickBooks customers by industry, followed by only ...
A Contractor's Guide to CCIP Insurance - Construction Business …
Jun 26, 2012 · Implementing a contractor controlled insurance program (CCIP) presents many potential benefits for general contractors, but CCIPs involve risks as well. Most programs include a deductible of $250,000, $500,000 or even higher per claim depending on the jurisdiction. Total deductible losses will typically be capped based on a fixed percentage of ...
How the Additional Insured Clause Puts Contractors at Increased …
Nov 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.
Construction Industry News - Construction Business Owner
WASHINGTON (Nov. 1, 2024) — The construction industry added 8,000 jobs on net in October, according to an Associated Builders and Contractors (ABC) analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 223,000 jobs, an increase of 2.8%.
Guide to Understanding Payment Bond Claims
Sep 1, 2020 · The bond claim process may be broken down into four basic steps: securing a copy of the payment bond, serving the preliminary notice, submitting a bond claim notice, and enforcing a bond claim in court. Secure a copy of the payment bond —A construction participant on a public project must make it a point to secure a copy of the payment bond ...
Webinars - Construction Business Owner
Learn how to protect your project budget and bottom line with technology. Learn how to reduce collisions and litigation costs while enhancing profitability. Find the latest webinars to help your construction business succeed, keep your employees happy, and stay on the cutting edge of construction technology.