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Bucketing – the Proper Claim Accounting Method

Bucketing – the Proper Claim Accounting Method

by Gaurav Mehrotra | Feb 1, 2021 | Accounting, Claims, Claims Management, News, Podcast, SJCC

Executive Summary The categorization of costs incurred in a changed condition scenario is critical in dispute resolution. Account for costs by issue and sub-issue by creating buckets of costs. Do it early! Here Come the Extra Costs When you (the contractor) experience...
Cash v. Accrual Accounting – Whatchu Talkin’ About Willis?

Cash v. Accrual Accounting – Whatchu Talkin’ About Willis?

by Gaurav Mehrotra | Aug 13, 2020 | Accounting, Financial, News

Executive Summary There are basic differences between cash and accrual accounting.  Here’s a quick review. What is Accounting? Sounds simple, right?  It’s just keeping track of money in a business. And money only does one of two things – it either goes in the bank...
Why is the Accounting Department Telling Me How to Estimate?

Why is the Accounting Department Telling Me How to Estimate?

by Gaurav Mehrotra | Dec 4, 2017 | Accounting, Estimating, News, SJCC

Executive Summary: Estimators know the construction work while the accountants know the financials. These two parties must work in harmony to benefit the company and their own livelihoods. This article recognizes the needs of both parties. The dilemma and end...

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