Why Do Contractors Lie
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Why Do Contractors Lie
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Author : J.O.A.Maurice
language : en
Publisher: Morgan James Publishing
Release Date : 2020-10-06
Why Do Contractors Lie written by J.O.A.Maurice and has been published by Morgan James Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-06 with Business & Economics categories.
Why Do Contractors Lie? gives real estate investors the necessary knowledge to approach the contracting process from a higher level of expertise. Real estate investor of many years, J. O. A. Maurice, equips investors with the appropriate and repeatable skills to hire the right contractors for the right jobs, at the right price, and for the right duration. In Why Do Contractors Lie?, Maurice lays out the appropriate and effective skills investors need so they don’t have to lose their investment due to a lying contractor. Within Why Do Contractors Lie?, real estate investors learn how to: Find a contractor they can trust Spot when contractors start to lie Make sure their project gets completed perfectly on time Avoid end-of-contract arguments or lawsuits Never again lose another investment because of terrible contractors
How To Detect Construction Fraud
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Author : Robert Louis Becker
language : en
Publisher: Xlibris Corporation
Release Date : 2012-02
How To Detect Construction Fraud written by Robert Louis Becker and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02 with Business & Economics categories.
For every dollar spent on Time and Material (T&M) jobs, the contractor can recover all of his d costs plus all of his indirect overhead cost plus fees (profits). If all costs are recovered plus a fee, the contractor has little incentive to save the owner's money and expedite the work in the most prudent manner. The longer the project is delayed, the longer the contractor's equipment can be rented, the more field office staff can be billed, and the more overtime that is worked all contributes to more profits. Construction sites are more prone to fraud, over-billing, and lack of controls than typical businesses. Through proper construction oversight, there should be monitoring, accountability, and transparency for all transactions. There are two simple rules to follow: Rule Number 1: Never Assume Anything! There has to be a reason when the contractor fails to provide required documentation such as staff salary component details, purchase orders, equipment lists, or contracts with subcontractors. Perhaps the missing documentation shows charges to a different project that should not have been billed to this owner. Perhaps the staff salary components have hidden markups included in the rate in addition to the contractual fees. Perhaps the missing Purchase Order is a Lease-Purchase Option for equipment rentals with ownership of the item going to the contractor at the end of the lease but paid for by the owner. The reviewer should always question why something doesn't look right. Rule Number 2: Everything is Negotiable. Disputes often arise during a large construction project because of ambiguity in the contract terminology. The contract is the "Meeting of the Minds" of both parties throughout the project. An interpretation is often called for as to "What was the original intent of the contract language?" When every detail is not spelled out in the contract, there should be a reasonableness test applied. The contractor is acting as agent for the owner to complete the project prudently and expeditiously. If an equipment item can be rented for $1,000 per month or $600 per week and the length of rental is unknown, is it prudent to enter into a lease that costs the most ($1,000 per month versus $2,400 per month after 4 weeks)? The purpose of this book is to provide Government Agencies, Public and Private Project Owners, Certified Public Accountants, Construction Auditors, and Invoice Reviewers the tools needed to detect and dispute overcharges as well as provide guidance for Project Controls. Audit tools listed in this book will help detect unethical billing practices for any Agency or Company reimbursing contractors for craft labor, staff labor, material invoices, rental company invoices, or sub-tier-contractor invoices. The author recovered over $7 million overcharged by contractors and subcontractors on one project using techniques in this book. One significant audit finding could recover several thousand dollars of excess contractor profits and would justify the small investment in this book. WHY CONSTRUCTION AUDITING? Most owners of large projects, such as utilities or refineries, are not staffed for large maintenance or construction projects even though they always seem to be building or modifying their facilities. Projects can be short lived and the owners don't need a permanent staff for specific projects where the employees cannot be reassigned after job completion. They rely on contractors to execute the work acting as the owner's agent, gather the necessary documents to request their monthly reimbursement, and provide one accurate invoice for payment. The owner processes the bill as they would any other bill with perhaps a cursory review of the summary, a math verification of totals and some cross matching of labor rates, equipment rental rates, etc. Rarely is an in-depth review performed by a unique department such as Construction Audit but by the Accounts Payable Department. The Accounts Paya
My Trials
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Author : Mark Wilson
language : en
Publisher: Archway Publishing
Release Date : 2017-11-20
My Trials written by Mark Wilson and has been published by Archway Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-20 with Religion categories.
Marks story begins several years back when he ventured to a foreign country for unique career-building experiences. It is there he eventually met more and more like-minded individuals and someone who appeared extra special. This same-aged woman was on her game as she presented a convincing picture of virtue. Mark had no idea that he was about to become quite the victim of a high-functioning, proactively religious psychopath. Mark beautifully illustrated how counterintuitive his experiences with a psychopath were and goes in great depth to show how these abuser victim roles play out in real life encounters. This is interesting information that is often not included in other books on the same subject matter. In sharing how he figured his way through his extended encounter with a primary psychopath, he seeks to spread awareness which will help members of our global society identify psychopaths before they cause their applicable levels of damage. Join the author to educate yourself on the increasingly trending topic of psychopathy. There are many things Mark assists you in taking away from encounters with psychopaths and their influence on the world around us. Psychopathy is certainly a topic worth getting a grasp over. Look into this critically constructed book and youll be happy you did!
Medicare Regulatory And Contracting Reform
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Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Health
language : en
Publisher:
Release Date : 2003
Medicare Regulatory And Contracting Reform written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Health and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
Construction Contracts
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Author : John Murdoch
language : en
Publisher: Routledge
Release Date : 2002-01-04
Construction Contracts written by John Murdoch and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-04 with Architecture categories.
Although the legal principles involved in construction contracts and their management and administration are an aspect of general contract law, the practical and commercial complexities of the construction industry have increasingly made this a specialist field. Recognizing this, Construction Contracts is a fully revised edition of the UK’s leading textbook on the law governing this area. Brought up to date with recent cases and developments in the law as it stands at July 2000, this new edition: takes full account of the effects of the Housing Grants, Construction and Regeneration Act 1996, the Arbitration Act 1996, the Contracts (Rights of Third Parties) Act 1999 and the changes in the legal system brought about by the Woolf reforms includes extended coverage of financial protection, construction insurance and tendering controls, as well as the Construction (Design and Management) Regulations has been revised to take account of changes to the common standard-form contracts, particularly the New Engineering Contract and the GC/Works family of contracts. Retaining the same basic approach as its successful predecessors, this important text introduces the general principles that underlie contracts in construction, illustrating them by reference to the most important standard forms currently in use.
Organizational Conflict Of Interest In Government Contracting
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Author : United States. Congress. Senate. Committee on Interior and Insular Affairs. Subcommittee on Energy Research and Water Resources
language : en
Publisher:
Release Date : 1976
Organizational Conflict Of Interest In Government Contracting written by United States. Congress. Senate. Committee on Interior and Insular Affairs. Subcommittee on Energy Research and Water Resources and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Conflict of interests categories.
Construction Contracts
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Author : Will Hughes
language : en
Publisher: Routledge
Release Date : 2015-04-20
Construction Contracts written by Will Hughes and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-20 with Law categories.
The fifth edition of this bestselling textbook has been thoroughly revised to provide the most up-to-date and comprehensive coverage of the legislation, administration and management of construction contracts. It now includes comparisons of working with JCT, NEC3, and FIDIC contracts throughout. Introducing this topic at the core of construction law and management, this book provides students with a one-stop reference on construction contracts. Significant new material covers: procurement tendering developments in dispute settlement commentary on all key legislation, case law and contract amendments In line with new thinking in construction management research, this authoritative guide is essential reading for every construction undergraduate and an extremely useful source of reference for practitioners.
Energy And Water Development Appropriations For 1989 Department Of Energy Secretary Of Energy
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Author : United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development
language : en
Publisher:
Release Date : 1988
Energy And Water Development Appropriations For 1989 Department Of Energy Secretary Of Energy written by United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Energy development categories.
Energy And Water Development Appropriations For 1989
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Author : United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development
language : en
Publisher:
Release Date : 1988
Energy And Water Development Appropriations For 1989 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Energy development categories.
Straight Answers To The 20 Questions Building Contractors Hope You Ll Never Ask
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Author : Blake Hodess
language : en
Publisher:
Release Date : 2004-11-01
Straight Answers To The 20 Questions Building Contractors Hope You Ll Never Ask written by Blake Hodess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-11-01 with Technology & Engineering categories.
Q. What's the best measure of a construction company?A. A Straight AnswerIt's been said: " Education is what you get when you read the fine print, and experience is what you get when you don't. " When it comes to the process of selecting a building contractor, Blake and Brian Hodess, co-presidents of Hodess Building company say: " The right contractor for your job is what you get when you ask the right questions, and the wrong contractor-complete with headaches and financial woes-is what you get when you don't."In this book, Blake and Brian pool the collected wisdom from interviewing dozens of owners to focus on the 20 right questions decision-makers should ask, along with some straight answers to these questions, providing a valuable insider's perspective and guide.Because the contractor selection process is so complicated, it's easy for even the most experienced, sophisticated decision-maker to have a blind spot or two. So Straight Answers serves as a handy, real-world, pre-decision checklist that can help prevent costly errors during the contractor selection process, and help owners make sure they are getting the right contractor for their project.