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Add a field and Process to ask if a new project is OCIP or CCIP and then accrue General Liability Insurance based on contract/reveues/receivables and not payroll

OCIP jobs in California calculate General Liability Insurance "premium" based on contract amounts and on what the sub contractor invoices and receives. They do not base it on payroll, tied into workers compensation insurance class codes like it is done with conventional non-OCIP project. Therefore, when ProContractor accrues general liability insurance for OCIP jobs, it is overstating the job expenses vs. actual. It creates an accounting and tax nightmare. Our CPA is threatening to drop us if we don't get this resolved. Our CEO is upset because he can't take accurate control of tax planning. We'd like to see ProContractor ask, when we are entering a new project, "is this an OCIP Project?, click here. CCIP Project?, click here, Prevailing Wage Project?, click here. Then have the program populate the project with the appropriate input for insurance class codes, accrual accounts and anything else unique to that specific type of project.

  • Tim Cooley
  • Apr 1 2019
  • In Review
Company Asphalt Professionals, Inc.
Job Title / Role Controller
I need it... Yesterday...Come on already
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  • Triniti Hall commented
    April 03, 2019 20:13

    YES!!! We have the same problem

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