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More stories about Compensation

  • Using the NAHB Chart of Accounts to Organize Your Business Finances

    Here's an effective way to organize and categorize expenses and job-cost data and compare the results with your forecasts.

  • More LIHTC Guidance Issued

    The Treasury Department and Department of Housing and Urban Development (HUD) have issued additional guidance on the low-income housing tax credit (LIHTC) exchange program and Tax Credit Assistance Program (TCAP), with Treasury solving one major problem for credit swap participants by extending the...

  • In the News

    Prevailing-wage rules complicate stimulus weatherization work; condo survives shaketable test; Minnesota requires fall-prevention screens in multi-unit dwellings; more

  • Are Your Contracts Bulletproof?

    Effective July 1, 2009, the state of Pennsylvania will require a written contract for nearly every construction task in or around a residence — even minor repair work like repainting or reroofing.

  • The Ins and Outs of Swaps

    For the past several years, interest-rate swaps have been widely available to affordable housing borrowers as a method to fix the interest rate on a loan.

  • Job-Site Grind

    Many builders talk about sustainability, but John Suppes has actually put his money where his mouth is by purchasing an $80,000 waste grinder.

  • Negotiating an End to a Contract

    There are a number of ways to terminate construction contracts. Spec builders have it easy — their contracts typically allow them to terminate problem customers at their own discretion by notifying the customer and refunding what has been paid. They can then sell the house to another buyer. This...

  • When the Customer Won't Pay

    Bad things happen in the construction industry when the economy gets rocky. Work is scarce, and it’s hard to get paid. I can’t help you with the work part — but I can tell you how to get paid.

  • Beware Hidden Payment Terms

    Earlier this year, a friend of mine had an interesting conversation with a young man who was subcontracting for a GC. The contractor owed the young man a pile of money and my friend was concerned. But the young man assured him there was nothing to worry about, because the contractor was a pal and...

  • Getting Paid for Your Time

    If you and your project manager spend 13 hours preparing an estimate for a remodeling job, how much money have you invested in the project? Would you have been better off spending those 13 hours getting things done on one of your current projects?