CE 460 Chapter 9

CE 460 Chapter 9 - Cost Plus Direct Payments To...

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CE 460 Lecture Chapter 9 Business Methods
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Accounting Methods Cash Method Accurual Method Billing Method Percentage-of- Completion Method Completed Contract Method
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Financial Statements Income Statement Balance Sheet Cash Flow Statement
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Equipment Purchase Straight Line Depreciation Accelerated Depreciation Accelerated Cost Recovery System Management
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Cash Discounts Discounts may be available through some vendors if paid in cash before a certain period of time COD Cash on Delivery – Usually expected if you have poor credit history FOB – Is transportation included in the bill FOB Mill –no FOB Site – yes
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Project Cost Breakdown Schedule of the cost of the various components of the structure Front-End Loading Page 282 Figure 9.4 Payment Request Lump Sum Unit Price
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Unformatted text preview: Cost Plus Direct Payments To subcontractors and materials suppliers- sometimes in the form of a joint check to protect the owner from a lein Cash Flow Cash Forecast Cash In Cash Out= Cash Flow (In very simplified terms) Mechanics Lien Filing Foreclosure Waiver of Lien Steps one must take to get a lien: Provide Preliminary Notice (20 Day) before work begins File Lien with City Record office if you have not been paid in due time Foreclosure: co to court and present your case Judgment: Dismissal or Favorable judgment Collection Marketing Project Signs Company Brochure Advertising New Letters Publicity Public Affairs Lectures Networking Organizations Word-of-Mouth...
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CE 460 Chapter 9 - Cost Plus Direct Payments To...

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