Year
Gilbane University Born, Y2K Fears Passed
What is 2000?
Insurance Capital of the World & Location of Mark Twain House
What is Hartford, CT?
Method of accounting used in Construction industry to calculate Revenue & Profit
What is Percentage of Completion?
This meeting is held at the beginning of the project to discuss job structure, change management approval processes, signing authority & reporting.
What is an Internal Financial Kickoff Meeting
Cloud-based Software to automate trade billing, lien waiver collection & payment processes
What is Textura
7 Jackson doors open, XIII Winter Olympics Facilities Built
What is 1980?
Famous Trials took place between Feb 1692 and May 1693 in the New England Town/City
What is Salem, MA?
Actual Cost divide by Forecast Cost is the formula to calculate
What is Percent Complete
This is a weekly report that contractors are required to submit to prove they are paying atleast the prevailing wage
What is certified Payroll
Gilbane enhancement that uses a labor force
What is Next150
DAILY DOUBLE
GBC Incorporated, William James Gilbane Born, Model T comes off the production Line
Taylor Swift's vacation home is located in this New England town
What is Watch Hill (not newport)? Village of Westerly
Percent Complete times Forecasted Revenue is the formula to calculate
What is Earned Revenue?
These must be collected each month from each of the sub-tiers showing how much they have been paid
What are Lien Waivers
Job Gross Profit Margin, Net Expense % of GP(w/o insurance), & Net Income Margin (w/o Insurance)
What are the Financial Key Performance Indicators
Gilbane Cares adopted, Barrack Obama elected as 44th President of the United States
What is 2008?
Famous Pizza Joints, Frank Pepe & Sally are located on the same street in this New England City/town
What is New Haven, CT?
Forecasted Amount minus Actual Amount is the formula to calculate
What is Backlog
A reason lien waivers are collected is to reduce the risk of these 2 costly issues.
What are disputes & double payments to sub-tiers
Gross Expenses that are the Largest components for GBC
What is Rent & Payroll
Gilbane Awarded Army-Navy "E", Pentagon opens its doors
What is 1943?
Levi Hutchins invented the first mechanical wind-up alarm clock in this New England City, which is also the state's capital city.
What is Concord, NH
DAILY DOUBLE
Formula to calculate Over or Under billing
These (3) items must be collected from the Prime Contractor once they start working on site and must include all sub-tiers with updated contract values
What are Subcontractor Affidavits, Sworn Statements & DOSB Affidavits
The Enterprise's expectation for Net Income as a Percentage of Gross Revenue
What is 1.5%