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A learning tool for those who are preparing to become a licensed contractor in Indiana. Each of its chapters is devoted to a specific topic important to the construction process, as well as a glossary of industry terminology. At the end of the book are sample forms and an Employer's Tax Guide. Also included is contact information for federal and state agencies and excerpts from government rules and regulations that directly correspond with the information in the chapters.
From the Introduction
Becoming a licensed contractor can be a successful and profitable career. Renegade Companies Unlimited has written the Indiana Contractors Business and Law Reference Manual to assist you in preparation for the required examination. The information contained in this manual does not in any way supersede business requirements and regulations issued by legal government agencies. It is advisable to check with the appropriate agencies for the latest requirements since laws and rules are continually changing.
This book includes eleven chapters. Each chapter is devoted to a specific topic significant to the contracting profession.
Chapter 1 describes the process of starting a business. It discusses the importance of a good business plan and the types of business structures that can be created.
Chapter 2 outlines the steps, and rules and regulations involved in the licensing process. The chapter concludes with excerpts from the Indiana Administrative Rules and Statutes.
Chapter 3 presents a detailed explanation of the estimating and bidding process. This section also offers suggestions for preparing a professional, competitive bid.
Chapter 4 pertains to contracts. It discusses the types and forms, what to include in a contract, and the responsibilities of each contractual participant.
Chapter 5 is an overview of project management in the construction industry. Operational phases such as scheduling and staffing are discussed, as well as cost and quality control.
Chapter 6 includes information pertaining to insurance and bonding. This chapter discusses risk assessment, types of insurance and bonds. This section concludes with a comparative insurance vs. bonding chart.
Chapter 7 conveys the importance of safety and how to promote it in the workplace. Information on OSHA is offered along with copies of the Occupational Safety and Health Acts (OSHA) reporting forms and corresponding recording and reporting instructions.
Chapter 8 explains laws pertaining to labor on both a national and state level. It includes a discussion on Workers' Compensation and employment security. This chapter concludes with excerpts from The Fair Labor Standards Act, and The Americans with Disabilities Act
Chapter 9 pertains to financial management in the construction field. Topics covered include accounting and bookkeeping methods, procedures, and terms with definitions. A small business financial status checklist, along with a sample balance sheet and income statement can be found at the end of this section.
Chapter 10 will guide you through tax laws. Circular E, the Employer's Tax Guide, is provided in the Appendix to use as an additional tax law resource.
Chapter 11, Terms and Definitions, lists and defines useful construction terminology.
The appendix at the end of this manual offers a copy of IRS Publication 15, Circular E, the Employer's Tax Guide.
The Indiana Contractor's Business and Law Reference Manual is designed to provide helpful and required information needed to obtain your contractor's license. It is always wise (and encouraged) to consult a professional for additional legal, insurance or accounting information.
Table of Contents:
Introduction. Chapter 1: Getting Started. Chapter 2: License Requirements. Chapter 3: Estimating and Bidding. Chapter 4: Contracts. Chapter 5: Project Management. Chapter 6: Insurance and Bonding. Chapter 7: Safety. Chapter 8: Labor Regulations. Chapter 9: Finances and Accounting. Chapter 10: Taxes. Chapter 11: Terms and Definitions. Appendix A: Circular E - Employer's Tax Guide. |
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