Record Retention 101 for Contractors

As a rule, project-specific records should be kept three years beyond the expiration of the statute of repose. Additional retention periods. Of ...

Subpart 4.7 - Contractor Records Retention - Acquisition.GOV

This subpart provides policies and procedures for retention of records by contractors to meet the records review requirements of the Government.

Record Retention List for Construction Contractors - PBMares

General Timeframes for Record Retention · Receipts – for example, for meals and entertainment. Keep the detailed receipt with the name(s) of ...

IRS Record Keeping Rules: What Contractors Need to Know Now

IRS Rules on Record-Keeping ... This generalized advice includes employee tax records but can also apply to any document related to business ...

Understanding OFCCP's Recordkeeping Requirements

Exception: Contractors with fewer than 150 employees or less than $150,000 in a contract keep the records for 1 year. Executive Order ...

80 Subpart 4.7—Contractor Records Retention - GovInfo

101, et seq. [48 FR 42113, Sept. 19, 1983, as amended at 50. FR 1727, Jan. 11, 1985; ...

Tips to Create a Construction Document Retention Policy

Many state and federal regulations require you to keep documents for at least three years1. Some laws vary from state to state, and not all ...

Best Practices for Record Retention in the Construction Industry

Retention Periods: Financial records, such as invoices, receipts, bank statements, and payroll records, should generally be kept for a minimum ...

Understanding OFCCP's Recordkeeping Requirements

Exception: Contractors with fewer than 150 employees or less than $150,000 in a contract keep the records for 1 year. Section 503 Affirmative.

Construction Document Retention | Saving Documents Can Help ...

Construction Document Retention | Saving Documents Can Help Contractors Keep More Money · 1. Categorize your documents · 2. Don't hold on to ...

Nexsen Pruet Construction Law Update: Document Policies 101

Neither North Carolina nor South Carolina has adopted the Uniform Preservation of Private Business Records Act, which provides that, absent a ...

Document Retention Policy Requirements 101 | FutureVault

Document retention, also referred to as records retention, is the method and practice of storing, maintaining, and archiving important and confidential ...

Accounting for Retention Receivable & Payable: A Contractor's Guide

Learn how to record retention receivable and payable, and why it can be essential for your construction business.

Records Retention for Government Contracts | KDuncan & Company

Contractors are required to retain financial and accounting records and acquisition and supply records for four years. · A retention period ...

Construction Retainage 101: The Ultimate Guide - CrewCost

Consistent recording, tracking, and communicating with project owners can ensure you're reimbursed on time for any retainage held back. What is ...

Record retention for contractors | LaPorte

The length of time a contractor should hold on to a record varies depending on the type of document and the specific nature of the contractor's business.

7 things contractors need to know about retainage | Fieldwire by Hilti

... file a lien on the retained funds. 6. Retention bonds can help you get paid faster. Some surety companies offer retention ... Payment Applications 101: A ...

Records Retention Requirements in Federal Contracting - Medium

Under FAR § 4.703(a), contractors are typically required to retain and make available all records relating to Government contracts for a period ...

81 Subpart 4.7—Contractor Records Retention - GovInfo

101, et seq. [48 FR 42113, Sept. 19, 1983, as amended at 50. FR 1727, Jan. 11, 1985; ...

Recordkeeping Tips for Contractors - Cotney Attorneys & Consultants

The Fair Labor Standards Act (FLSA) requires all employers to maintain accurate records of their employee's wages, hours worked, and more.