Accounting for Anticipated LossesGenerally accepted accounting principles or GAAP require the recognition of loss provisions in the period during which the loss becomes evident (Financial Accounting Standards Board Accounting Standards Codification [FASB ASC] 605-35-25-46 // FASB ASC-606-10-65-1)....
This Week's Second Look
Off-site production of modular of apartments, pods of bathrooms for hospitals and a number of “production line” construction techniques are once again showing up in some interesting places and being used by some traditional builders. This production technique, borrowed from the modular unit or...
Across all fields of construction, the industry is seeing a severe labor shortage during a time when it should be flourishing. According to the U.S. Department of Labor Statistics, the construction field is one of the few industries having consistent growth in the number of jobs and contracts...
Authored by Pete Keener, RRC, RRO, CIT - Department Manager, Building Science Solutions, Intertek, and originally published in the Chamberlin Roofing and Waterproofing Summer 2021 Quarterly Newsletter.This question has been asked for years in the roofing industry when discussing...
The last decade has brought with it a significant increase in the number of claims stemming from allegations of discrimination or retaliation as a result of mental health conditions. The mental health of employees is an area of the law that will continue to see a significant increase, as well as an...
Here at Chamberlin Roofing & Waterproofing, there is only one thing that our clients pay us to do for them. They don’t pay us to do estimates, nor do submittals, nor send them invoices, nor answer our phones, nor send them advertising materials or a whole host of other things that we all spend...
Business email compromise (BEC) scams are on the rise. In 2020, the FBI’s Internet Crime Complaint Center (IC3) received 19,369 BEC/Email Account Compromise (EAC) complaints with adjusted losses of over $1.8 billion.This type of fraud poses substantial risk to all types of organizations. Small...
The following article was authored by Jackson Lewis P.C. attorneys, Courtney Malveaux, Richard Vitarelli, and Lin Wagner.Workers in the construction industry tend to be older than those in other industries, according to the National Association of Home Builders. The median age of...
This new $1.2 Trillion Infrastructure Bill has many contractors thinking about trying their hand at Federal Projects. Bigger doesn’t always mean better though. Especially if this means that there is more risk involved. It’s important to truly think first before you jump and educate yourself on what...
