#contractor lien waiver

[ariela-wagner-me]

Stop! Don’t Sign That Release Unless it Says This 1 Thing!

In this webinar, learn in detail about what type of waiver and release forms are used in the state of Florida, one key element to look out for in your release forms, and some important information about conditional releases.

[lawofficeofryansshipp]

Florida Title Company | 561.600.0448

Florida Title Company | 561.600.0448

Florida Title Company In this article, we are featuring our sister company, Clear2Close Title & Escrow, a Florida Title Company located in Lantana, Palm Beach County, Florida. Clear2Close Title & Escrow handles the legal process of transferring ownership of a real property from one person or entity to another. This process is known as “title transfer” and is an important step in the process of…

[systifysolutionsltd]

Contractor Billing Software: Transforming Financial Management for Construction Professionals

In the fast-paced world of construction, managing billing and financial transactions efficiently can significantly impact a contractor's profitability and overall business success. Contractor billing software is designed to simplify and enhance this crucial aspect of construction management. By automating invoicing, tracking expenses, and ensuring timely payments, these software solutions help contractors stay organized and focused on their projects.

What is Contractor Billing Software?

Contractor billing software is a specialized tool tailored for construction professionals to manage and streamline their billing processes. Unlike generic accounting software, contractor billing software includes features specific to the construction industry, such as job costing, progress billing, and lien management. This software helps contractors handle everything from generating invoices and tracking payments to managing contracts and job costs.

Key Features of Contractor Billing Software

Job Costing: Allows contractors to track costs associated with specific projects, including labor, materials, and subcontractor expenses. This feature helps in budgeting and ensures that projects stay within financial limits.

Progress Billing: Facilitates billing based on project milestones or stages, which is common in construction contracts. This feature helps manage cash flow and ensures that payments are aligned with the project's progress.

Customizable Invoices: Enables the creation of professional and customizable invoices that can include detailed breakdowns of labor, materials, and other expenses. This customization helps in maintaining transparency with clients and reducing disputes.

Expense Tracking: Automates the tracking of expenses related to various projects, including direct and indirect costs. This helps in accurate financial reporting and cost management.

Contract Management: Assists in managing and storing contracts, change orders, and amendments. This feature ensures that all contractual obligations are met and helps in tracking any changes to project scope or pricing.

Lien Waivers: Helps in generating and managing lien waivers, which are important for protecting contractors' rights and ensuring that they are paid for completed work.

Integration with Accounting Systems: Many contractor billing software solutions integrate seamlessly with accounting systems, facilitating smooth financial management and reporting.

Benefits of Using Contractor Billing Software

Increased Efficiency: Automating billing processes reduces the time spent on manual tasks such as invoice creation and payment tracking, allowing contractors to focus on their core business activities.

Improved Accuracy: With automated calculations and standardized invoicing, the risk of errors in billing is minimized, leading to more accurate financial records and fewer disputes.

Enhanced Cash Flow Management: Progress billing and real-time expense tracking help in managing cash flow more effectively, ensuring that contractors have the funds needed to cover project costs and overheads.

Better Financial Visibility: Comprehensive reporting and analytics provide insights into project profitability, outstanding invoices, and overall financial health, aiding in strategic decision-making.

Client Transparency: Clear and detailed invoices enhance transparency with clients, reducing misunderstandings and disputes related to billing.

Choosing the Right Contractor Billing Software

Selecting the right contractor billing software involves considering several factors:

Features and Functionality: Ensure that the software meets your specific needs, such as job costing, progress billing, and contract management.

Ease of Use: The software should be user-friendly and require minimal training for effective implementation.

Integration Capabilities: Look for software that integrates with your existing accounting systems or other tools you use.

Customer Support: Reliable customer support is crucial for resolving issues and ensuring smooth operation.

Cost: Evaluate the pricing structure of the software, including any subscription fees or additional costs for extra features.

Conclusion

Contractor billing software is a vital tool for construction professionals seeking to streamline their financial management processes. By automating invoicing, tracking expenses, and managing contracts, this software not only enhances efficiency but also improves accuracy and financial visibility. Investing in the right contractor billing software can lead to better cash flow management, reduced billing disputes, and ultimately, a more successful and organized construction business.

For More Info:-

Contractor Billing Software

Contractor Project Management CRM

[williamwardsandiego]

Construction Lien Law Protects Contractor and Supplier Rights

Construction lien law, mechanic's lien, or property lien involves a legal claim placed on a property by the party that provided labor, materials, or services in the improvement of it but has not received payment for their contribution. The law protects contractors, suppliers, and workers, ensuring they secure payment for their services and materials.

Contractors, subcontractors, and suppliers can employ construction liens as legal tools to establish enforceable claims and guarantee payment for the work and materials provided, especially if a dispute arises. Construction liens can also entice timely payments and help resolve conflicts.

Professionals benefit from taking a proactive approach since construction liens can threaten project financing. The liens allow contractors to define project scope and payment terms, regularly monitor and document construction progress, maintain open communication with contractors and suppliers, address disputes and issues promptly, and ensure timely and accurate payment.

In addition, contractors can use lien waivers to control payment matters and mitigate risk for all stakeholders. They serve as legal documents in which one party relinquishes the right to file a lien against a property upon receiving payment.

[vitodragone]

Understanding Real Estate Rehabilitation

Real estate rehabilitation is when an investor purchases a property, renovates it, and sells it for a profit. Rehabilitation can take weeks or months, or years depending on the renovations required. As a type of investment, real estate rehabilitation has the potential for high profit margins, helping real estate investors diversify their portfolios and expand their networks.

Real estate rehabilitation and house flipping are terms used interchangeably, although they differ. House flipping involves buying a property, holding it for some time, mostly months or years, and then selling it for a profit. Notably, an investor doesn't have to do any renovations when holding the asset. Similarly, an investor doesn't have to sell a rehab property. Instead, they can add it to their portfolio as a rental asset.

Additionally, real estate rehabilitation differs from a fixer-upper. Fixer-uppers are properties requiring minor renovations, including fixing the flooring, lighting, kitchen cabinets, and other minor appliances before listing them for sale. In contrast, rehabbing requires extensive renovations, such as changing structural elements and repairing water damage.

While there is no standard guideline for rehabilitating a property, there are a few basic steps investors follow. To begin, an investor needs to create a plan and arrange for financing. Additionally, the investor needs to calculate and determine how much will be required for the project.

The second step is to create the scope of work. An investor details the project's specifics. Mostly, contractors use the scope of work to bid for a project. Therefore, it must contain all relevant details. The investor also needs to create a budget at this stage to ensure that there are reserves for unexpected issues. Importantly, the scope of work should result in a property that is not higher in value than similar ones in the neighborhood.

Step three involves hiring a contractor. An investor needs to ensure that they pick a contractor who can handle their project professionally. They can find contractors through their networks, job boards, websites, and local real estate associations, among others. A good contractor must have years of experience, equipment they own, licenses and permits, and insurance. Other factors include finding out if a contractor has any subcontractors and if they have ever filed for bankruptcy.

Preparing paperwork follows after an investor picks a suitable contractor. At the onset, both parties should sign a contract. This contract should detail the scope of work, remuneration and payment schedule, and insurance indemnification. The contract should also include a final lien waiver. This is a written agreement signifying a project's full or specific phase's completion. If there are any permits involved, the contractor usually handles them.

Once the paperwork is done, the next stage involves rehabilitating the property. Most projects involve foundation repairs, plumbing, electrical work, air conditioning, and painting, among other renovation tasks. Once the contractor completes the project, the investor should do a walk-through assessment to ensure the project's completion is according to specifications. Additionally, the contractor should arrange final inspections with local authorities as required in any relevant building permits.

The final step is listing and selling the property. Listing involves taking professional photos of the property that appeal to potential customers. It also involves posting pictures and other relevant details, such as the property's price, on online directories and real estate websites.

[technology-ahead]

INTERAC Software for Construction

An integrated suite of financial and management software applications for construction contractors.

The INTERAC Construction Accounting suite is much more than just an accounting system. It is a tightly integrated, flexible, user friendly suite of job cost accounting and construction management applications which will enable your team to become even more productive and your business more profitable.

Job Cost & Job Manager  Job Cost is the core of the system which gathers job related information from the other applications and provides a wealth of construction management information to help you control costs and enhance profitability.  Job Manager provides project managers, estimators and the management team with an instant snapshot of the jobs with the ability to drill down to the transaction level detail at the click of a mouse. With the integrated Document Management System and reporting tools, everything you need to know is readily available.  (see video below)

Accounting  The INTERAC core accounting applications are tailored to the needs of the construction trades, so that all the job related information automatically flows directly into the Job Cost system. 

Accounts Payable automates the lien waiver process

Payroll supports multi-state, union, prevailing wage (certified)

Job Billing generates AIA, T&M, free form, and contract billing invoices

Subcontractor Control  For general contractors, managing subcontractors and all their contracts is critical. ​The integrated INTERAC Subcontractor Control application makes it easy to:

Manage contracts 

Track change orders

Monitor Payments

Control retainage 

Track each subcontractor's liability insurance status.

Service Billing Many specialty contractors not only provide new construction services, but they also need to maintain their installations after the fact. Service Billing is an excellent tool to manage ongoing maintenance contracts. INTERAC Service Billing provides:

Work Order management - Convert completed work orders to invoices

Management of maintenance contracts

Supports serialized inventory & warranty tracking

Invoicing for contract, time and material, and recurring billing

Equipment Cost & Equipment Manager  For heavy contractors, managing equipment is critical. The integrated INTERAC Equipment Cost system makes it easy to monitor cost, revenue, maintenance, and road taxes. An integrated maintenance work order system streamlines the routine maintenance process. Equipment Manager puts all the detailed information from the Equipment Cost system in a very user friendly interface. Whether it is a manager who wants to see P&L information, a shop foreman who needs to monitor maintenance, or a project manager wanting to confirm billable equipment hours, all this data is readily available at the click of a mouse.

Inventory Management  The INTERAC Inventory system is tightly integrated with Job Cost and Service Billing to provide seamless inventory control. Whether you need to manage multiple warehouses, or inventory on a fleet of service vehicles, the INTERAC Inventory suite will make it a breeze. 

Selecting the Right System  We appreciate your interest, and welcome the opportunity to introduce the INTERAC Construction Accounting System.

For more information or assistance, feel free to contact us at 800-547-6429 or email support@intersoftsystems.com.

For more information, visit - https://www.intersoftsystems.com/interac-for-construction.html

Tags - Construction Accounting System, Subcontractor Control application, financial and management software applications for construction, accounting software for construction contractors, accounting software for general contractors, subcontractor accounting software, general contractor accounting software, accounting construction software, accounting software for construction contractors, construction management accounting software, construction management accounting, contractors accounting software

[suburbeastern]

How to Go About Renovating a Bathroom

A bathroom renovation can be a fun and exciting project. However, it is important to do it correctly the first time. This will save you time and money in the long run.

The type of work that’s done significantly affects the cost. Structural changes like moving plumbing or knocking down walls will increase expenses. To know more about Renovating Bathroom, visit the Eastern Suburbs Bathroom Renovations website or call 0415902838.

Your bathroom is a space that’s essential to daily living. Whether you’re looking to upgrade fixtures or add a touch of luxury to your home, renovations are a great way to transform this space.

The first step is deciding the scope of your renovation. This will determine the budget and timeframe for your project. Consulting inspiration blogs, Pinterest and making your own mood board can help you define the style of your remodel.

It’s important to choose a team of specialised tradespeople for plumbing, electrical and waterproofing work. Using a contractor with the right credentials will ensure your renovation complies with regulations, and you avoid costly damages or health risks. It’s also important to consider if you require council approvals or, for apartment dwellers, strata rules.

Before starting the actual work on your bathroom, it is important to think about what you want to achieve. This will help you to decide what fixtures, materials, and colours you would like to use. You may also need to consider if you want to move or replace any items.

Bathroom designs can range from small makeovers to a complete overhaul, and the choices you make will affect your budget. Choose a style and design that suits you and your family’s tastes.

You will need council approval if you are changing the size or layout of your bathroom, or adding new sanitary fittings. A licensed electrician is required to install wirings and switches. They typically charge between $75 and $100 per hour. Similarly, a waterproofer is necessary to ensure the integrity of your bathroom.

The bathroom is one of the most used rooms in a home and a lot of money can be spent renovating it. It’s a great investment that can boost the value of your property and improve its appeal. However, it is important to know how much it costs before committing.

A complete renovation involves stripping the room down to the floor and walls and building a new bathroom from scratch. This is the most expensive option but can create a truly stunning and unique space.

You’ll need to hire licensed tradespeople for plumbing, tiling, plastering and painting. You’ll also want to get a quote from the best Sydney bathroom designers who can help you find smart solutions and make your vision a reality. Their service will save you time and hassle and prevent costly mistakes.

Renovating a bathroom is a large undertaking that requires expert knowledge to do it correctly. It’s also one of the most expensive rooms in a home, so it’s best left to licensed builders who can manage the entire project end to end. This is particularly important if structural or plumbing changes are involved.

If you’re having a difficult time choosing a builder, ask for recommendations from family and friends. You can also visit their showrooms and ask about their previous work.

If you like what you see, ask for a quote and an outline of the process. A good renovator will provide a clear quote with all the costs involved up front. They should also include a waiver of lien to prevent subcontractors and suppliers from placing a lien on your property.

A well-functioning bathroom requires the services of plumbers, who lay down pipes and install toilets, showers, faucets, bathtubs, and other plumbing fixtures. They’re responsible for the functionality of a bathroom, which is why it’s important to find one who is experienced and reliable.

If you’re planning to renovate your apartment bathroom, you may need to apply for a work permit and get approval from the building management. This is a requirement if you’re changing the layout of your bathroom or adding new appliances. To know more about Renovating Bathroom, visit the Eastern Suburbs Bathroom Renovations website or call 0415902838.

Located in Sydney, Decoris Bathrooms provides custom-made bathrooms for homeowners and property investors. They’re a boutique company that offers free online quotes or In-Home consultations for a minimum price. They also offer tips and tricks on bathroom renovations on their website.

[constructionapplications]

INTERAC Software for Construction

An integrated suite of financial and management software applications for construction contractors.

The INTERAC Construction Accounting suite is much more than just an accounting system. It is a tightly integrated, flexible, user friendly suite of job cost accounting and construction management applications which will enable your team to become even more productive and your business more profitable.

Job Cost & Job Manager  Job Cost is the core of the system which gathers job related information from the other applications and provides a wealth of construction management information to help you control costs and enhance profitability.  Job Manager provides project managers, estimators and the management team with an instant snapshot of the jobs with the ability to drill down to the transaction level detail at the click of a mouse. With the integrated Document Management System and reporting tools, everything you need to know is readily available.  (see video below)

Accounting  The INTERAC core accounting applications are tailored to the needs of the construction trades, so that all the job related information automatically flows directly into the Job Cost system. 

Accounts Payable automates the lien waiver process

Payroll supports multi-state, union, prevailing wage (certified)

Job Billing generates AIA, T&M, free form, and contract billing invoices

Subcontractor Control  For general contractors, managing subcontractors and all their contracts is critical. ​The integrated INTERAC Subcontractor Control application makes it easy to:

Manage contracts 

Track change orders

Monitor Payments

Control retainage 

Track each subcontractor's liability insurance status.

Service Billing Many specialty contractors not only provide new construction services, but they also need to maintain their installations after the fact. Service Billing is an excellent tool to manage ongoing maintenance contracts. INTERAC Service Billing provides:

Work Order management - Convert completed work orders to invoices

Management of maintenance contracts

Supports serialized inventory & warranty tracking

Invoicing for contract, time and material, and recurring billing

Equipment Cost & Equipment Manager  For heavy contractors, managing equipment is critical. The integrated INTERAC Equipment Cost system makes it easy to monitor cost, revenue, maintenance, and road taxes. An integrated maintenance work order system streamlines the routine maintenance process. Equipment Manager puts all the detailed information from the Equipment Cost system in a very user friendly interface. Whether it is a manager who wants to see P&L information, a shop foreman who needs to monitor maintenance, or a project manager wanting to confirm billable equipment hours, all this data is readily available at the click of a mouse.

Inventory Management  The INTERAC Inventory system is tightly integrated with Job Cost and Service Billing to provide seamless inventory control. Whether you need to manage multiple warehouses, or inventory on a fleet of service vehicles, the INTERAC Inventory suite will make it a breeze. 

Selecting the Right System  We appreciate your interest, and welcome the opportunity to introduce the INTERAC Construction Accounting System.

For more information or assistance, feel free to contact us at 800-547-6429 or email support@intersoftsystems.com.

For more information, visit - https://www.intersoftsystems.com/interac-for-construction.html

[constructionaccounting]

539: Construction Company Contract Traps And The Advantages Of Legal Help

This Podcast Is Episode Number 539, And It's About Construction Company Contract Traps And The Advantages Of Legal Help

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them. Depending on the type of contracting business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety, and various other regulations.

  Keeping on top of all the laws that affect you and the changes to those laws while still being mindful of all the other aspects involved in running a business is almost impossible.

  That's why you need legal help. A legal professional can identify the rules and regulations that apply to your business and advise you on operating within those laws. They can also help you draw up necessary contracts that could prevent legal action in the future, and they can prepare a case in the unfortunate event that you wind up facing or filing a lawsuit.

  For instance, a new contractor meets an experienced customer, and money changes hands, not how you expect it.

Typically, this happens when you first get started: You bid on a project and are the low bidder. You are given the client's standard contract, which contains the client's favorite set of commercial terms and conditions, to sign as a condition of getting the project. You close and sign the contract because you don't want to ask for changes in the terms or consult your construction attorney. You put the signed contract in your bottom desk drawer and pray that nothing will happen during the project that will cause you to reread the contract.

Before it is too late, consider these contract traps to look out for:

1. Poorly defined scopes of work create claims and disputes.

2. The completion schedule is too short and exposes you to monetary damages for failure to finish on time.

3. Payment terms put you in never-ending negative cash flow by loaning the customer money at 0% and borrowing on your credit cards at 24%.

4. The customer keeps 5%-10% of the contract price as retention for up to a year or more after the entire project is finished, which could be all your profit.

5. Indemnity clauses could make you financially responsible for bodily injury and property damage claims caused by customer negligence.

6. Indemnity clauses could make you pay the customer's attorney fees and costs.

7. Your insurance company may be required to provide additional insured coverage for the project, giving the customer free insurance and full access to the policy coverage and limits.

8. Often, the terms and coverage of the warranty are beyond reasonable industry standards.

9. Dispute resolution clauses that require arbitration first and then litigation are probably the two worst ways ever invented to resolve disputes.

10. The client's pre-printed final waiver of the lien document (necessary for the contractor to receive final payment) waives all contractor's rights to recover unpaid extra work and to pursue any claims that arose during the project.

Here are three reasons you need a professional to help.

They help set up your construction business

In the early stages of your business, they can help you make vital decisions and understand the consequences of those decisions. Is your business going to incorporate? Do you know what that means from a legal standpoint compared to other business entities? Do you understand the difference between hiring employees and working with contractors? Do you know the employment laws surrounding hiring and firing if you hire employees?

Law experts understand each of those and can explain how they affect your business. They can help you make an informed decision that is in the best interests of your organization and protects you in the future.

They help with contracts

At some point, your business will enter into contracts. Whether those are employment contracts with employees, service contracts with clients, or business agreements with other partners, you will need legally-binding documents to protect yourself.

Not all contracts are easy to read or understand, and some may have confusing clauses. They will help determine if the contract is in your best interest and if there are inclusions you need to know about—such as whether parts of the contract can be assigned to third parties or how to terminate the agreement. They can also revise the contract or change anything you deem problematic.

If you're drawing up the contract, getting a qualified legal opinion can ensure the agreement represents your needs and goals. This will definitely prevent experiencing contract traps, as mentioned earlier.

We recommend seeking the advice of a qualified construction attorney to put together a contract that fits your specific needs. Your arrangements need a well-defined scope of work, clear payment terms, a reasonable schedule, and a proper change order clause. No work should ever be performed based on verbal agreements. Get everything in writing, always, with no exceptions.

They help prevent lawsuits

When you own a small business, there's always a chance you'll wind up in litigation. You could have a dissatisfied customer or an angry former employee. You may file a lawsuit because someone else infringes on your trademark or copyright.

Usually, there are steps you can take in those situations before filing or facing an expensive lawsuit, and a lawyer can help you navigate those steps, possibly avoiding the cost of going to court. If you wind up in court and already have legal representation, that person will be familiar with your business, making representing you much more manageable.

Many small construction business owners and entrepreneurs wait until it's too late to seek help. They wait until a lawsuit has been filed or need to file it. A lawyer can advise you of ways to avoid those situations in the first place, saving you unnecessary legal expenses in the long run.

Final thoughts

Yes, attorneys cost money. The benefits of having one, however, far outweigh the expenses. They will not only advise you on business decisions and contracts that protect your business in the future; they will help defend your construction company, product, or yourself if a lawsuit arises, either with you as the plaintiff or the defendant.

Smart construction business owners know there is a time and a place to spend money. Spending your money in intelligent ways saves you time and energy. It can save you money in the long run by reducing turnover and preventing costly mistakes.

About The Author:

Sharie DeHart, QPA, co-founded Business Consulting And Accounting (Fast Easy Accounting) in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

Check out this episode about Contractors Marketing - Accounting - Production (M.A.P.)!

[ariela-wagner-me]

A Contractor’s, Subcontractor’s and Supplier’s Step-By-Step Guide to Getting Paid - Georgia

In this webinar, contractors, subcontractors and suppliers in Georgia can find out they can get paid successfully during different phases of their construction projects.

[fidpreliminarylien]

Get Paid Fast With a Preliminary Lien Notice

Getting paid on construction projects can be a daunting task, but filing a preliminary lien notice can help you get paid faster.

A preliminary lien notice is a type of legal document that alerts property owners, general contractors and other important parties about who you are working for and who is supplying the labor or materials on a project. It is a required document in many states, and it can make the difference between obtaining full coverage for your work or not. Read more great facts, click this additional reading here.

In most states, a contractor or other subcontractor must file a preliminary lien notice 20 days after first furnishing labor or materials to the construction site. This notice must contain the claimant's name and address, the amount of labor or materials furnished, and a description of the materials or services provided by the claimant. You can discover more info here.

There are certain exceptions to this requirement. For example, if the property owner is a municipality or state agency, the notice can be sent later than 20 days after first furnishing labor or materials. It's also possible to send a preliminary lien notice before the project begins if a partial lien waiver is being provided by the owner in order to receive payment.

The most common reason to file a preliminary lien notice is to ensure full coverage for your labor or materials. However, it is often overlooked because the process can be tedious and time consuming.

BICA offers a comprehensive, automated notice service that can save you time and effort. We will verify the entities that need to receive a notice, such as a property owner, general contractor or a construction lender, and then complete the required notice and file it in the proper state. Preliminary Lien Notice & Project Management

When a contractor, subcontractor or material supplier provides labor or materials to a construction site, they are required to give a preliminary lien notice before they can claim a mechanics lien or bond payment for their work. This notice informs the property owner, general contractor and other parties about who is working on the project and who should be paid from monies collected from the owner. Please view this site https://www.mylawquestions.com/what-is-a-preliminary-lien-notice.htm for further details.

A pre-lien notice is not only a legal necessity but an essential tool in the construction industry. This notice lets project stakeholders know who you are and what your contact information is, regardless of whether you are on-site or shipping your supplies from an out-of-state facility.

If you are not careful about preparing and mailing your notice, you could miss out on a valuable opportunity to secure payment for your materials or labor. That's why it is so important to get it right the first time.

The best way to make sure your preliminary lien notice gets out on time is by utilizing an automated solution like Flexbase that will handle all of the paperwork and keep track of each step so you don't have to. Schedule a free demo today and see how Flexbase can help you get paid faster!

[technology-ahead]

INTERAC Software for Construction

An integrated suite of financial and management software applications for construction contractors.

The INTERAC Construction Accounting suite is much more than just an accounting system. It is a tightly integrated, flexible, user friendly suite of job cost accounting and construction management applications which will enable your team to become even more productive and your business more profitable.

Job Cost & Job Manager  Job Cost is the core of the system which gathers job related information from the other applications and provides a wealth of construction management information to help you control costs and enhance profitability.  Job Manager provides project managers, estimators and the management team with an instant snapshot of the jobs with the ability to drill down to the transaction level detail at the click of a mouse. With the integrated Document Management System and reporting tools, everything you need to know is readily available.  (see video below)

Accounting  The INTERAC core accounting applications are tailored to the needs of the construction trades, so that all the job related information automatically flows directly into the Job Cost system. 

Accounts Payable automates the lien waiver process

Payroll supports multi-state, union, prevailing wage (certified)

Job Billing generates AIA, T&M, free form, and contract billing invoices

Subcontractor Control  For general contractors, managing subcontractors and all their contracts is critical. ​The integrated INTERAC Subcontractor Control application makes it easy to:

Manage contracts 

Track change orders

Monitor Payments

Control retainage 

Track each subcontractor's liability insurance status.

Service Billing Many specialty contractors not only provide new construction services, but they also need to maintain their installations after the fact. Service Billing is an excellent tool to manage ongoing maintenance contracts. INTERAC Service Billing provides:

Work Order management - Convert completed work orders to invoices

Management of maintenance contracts

Supports serialized inventory & warranty tracking

Invoicing for contract, time and material, and recurring billing

Equipment Cost & Equipment Manager  For heavy contractors, managing equipment is critical. The integrated INTERAC Equipment Cost system makes it easy to monitor cost, revenue, maintenance, and road taxes. An integrated maintenance work order system streamlines the routine maintenance process. Equipment Manager puts all the detailed information from the Equipment Cost system in a very user friendly interface. Whether it is a manager who wants to see P&L information, a shop foreman who needs to monitor maintenance, or a project manager wanting to confirm billable equipment hours, all this data is readily available at the click of a mouse.

Inventory Management  The INTERAC Inventory system is tightly integrated with Job Cost and Service Billing to provide seamless inventory control. Whether you need to manage multiple warehouses, or inventory on a fleet of service vehicles, the INTERAC Inventory suite will make it a breeze. 

Selecting the Right System  We appreciate your interest, and welcome the opportunity to introduce the INTERAC Construction Accounting System.

For more information or assistance, feel free to contact us at 800-547-6429 or email support@intersoftsystems.com.

For more information, visit - https://www.intersoftsystems.com/interac-for-construction.html

[if-you-fan-a-fire]

“Contractor Pleads Not Guilty To Theft,” Toronto Star. October 1, 1931. Page 01. --- A. R. Holmes Also Accused of False Pretences in Getting Lien Waiver ---- A. R. Holmes, white-haired head of the constructing firm of that name, pleaded not guilty to charges of obtaining a waive of lien rights by false pretences and theft of $1,000 from B. L. Clark and the Canada Electric Co. Ltd., before Judge O’Connell in county criminal court to-day. Holmes, whose firm is now bankrupt, faced charges in connection with building work for Ellsworth and Knight, owners of property on Bloor St. near Balmuto St., Crown Attorney, Eric Armour, K.C., told the beach. Holmes had employed sub-contractors and Ellsworth and Knight refused to pay for the building until receipts for payment or waivers of liens from sub-contractors could be produced, the crown stated.