Tag: Construction Industry Standards
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What is a ‘Spec’ House?
When a builder constructs a house without a contract, it is known as a spec house or a speculation home. There are several advantages to the builder to build a spec house including timing, financial gains and workforce retention.
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Use Phase Accounting in Construction – Part II (Trades)
This section covers the three traditional trades that require a license from their respective state. This is your HVAC installer, the electrician and the plumber. In some contractor may wish to include the septic tank and water well installer. However, I prefer these two be included in the site development phase as they do impact…
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Cost Accounting – Case Study
Cost accounting is an effective internal accounting process to evaluate company performance at the product/project level.