A construction document used to identify a requested change by the homeowner and the associated dollar value of that change is called a change order.
In construction accounting, accountants and bookkeepers use certain terms and there are distinct meanings associated with these terms. This article is designed to introduce beginner accountants and contractors to these terms from the perspective of financial reporting.
This article is designed to help the contractor address the proper procedures and documentation related to allowances in a new home contract.
By using a concept of feedback and making changes to the business operation, a model of excellence can be achieved. This model allows the contractor to not get nickeled and dimed to the point of going out of business.
