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  2. Construction law - Wikipedia

    en.wikipedia.org/wiki/Construction_law

    Construction law builds upon general legal principles and methodologies and incorporates the regulatory framework (including security of payment, planning, environmental and building regulations); contract methodologies and selection (including traditional and alternative forms of contracting); subcontract issues; causes of action, and liability, arising in contract, negligence and on other ...

  3. Construction accounting - Wikipedia

    en.wikipedia.org/wiki/Construction_accounting

    Construction accounting is a form of project accounting applied to construction projects. See also production accounting . Construction accounting is a vitally necessary form of accounting, especially when multiple contracts come into play.

  4. Construction - Wikipedia

    en.wikipedia.org/wiki/Construction

    Construction along Ontario Highway 401, widening the road from six to twelve travel lanes. A construction project is a complex net of construction contracts and other legal obligations, each of which all parties must carefully consider. A contract is the exchange of a set of obligations between two or more parties, and provides structures to ...

  5. Construction contract - Wikipedia

    en.wikipedia.org/wiki/Construction_contract

    A cost plus contract states that a client agrees to reimburse a construction company for building expenses such as labor, materials, and other costs, plus additional payment usually stated as a percentage of the contract's full price. This type of construction contract is an alternative to lump sum agreements.

  6. Accounting - Wikipedia

    en.wikipedia.org/wiki/Accounting

    Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]

  7. Bill of quantities - Wikipedia

    en.wikipedia.org/wiki/Bill_of_quantities

    A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized. It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding. The ...

  8. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    All assets of the business belong to a sole proprietor, including, for example, a computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor. [7] A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited ...

  9. Substance over form - Wikipedia

    en.wikipedia.org/wiki/Substance_over_form

    Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant, and accurate picture of transactions and events". If an entity practices the 'substance over form' concept, then the financial statements will convey the overall financial reality of the entity (economic substance), rather than simply reporting the legal record of transactions ...