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What Your Business Credit Report Tells Lenders

Pro Builder

Just like your personal credit score, your business credit score indicates whether you’re a good risk for paying your debts or not. This tells lenders a bigger picture of your payment habits or whether you’re missing out on repaying debts. . What Is a Business Credit Score? Lessons Learned From Previous Housing Market Disruptions.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

In some cases, prior to speaking with the surety, it is helpful to prepare an itemized list that breaks the project’s contract value down by scope and/or subcontractor. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Reputation with past suppliers, project owners, & subcontractors.

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Legal Documents Required for Purchase of Property

CivilJungle

If you are buying a resale property, ask for a copy of receipts from the seller to be produced to the bank. You can request proof of funds from the bank, credit union or other institution that holds your money. Homeowners insurance documentation. Home purchase contracts. Homeowners insurance records. Deed or title.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

It makes sense to contract out the tasks you are not familiar with like Xero Accounting Online Setup or QuickBooks Setup because it is a lot harder than they salespeople and the marketing hype would have you believe. Connect your bank and PayPal feeds. Chart of Accounts Bad Debts. Chart of Accounts Insurance Builders Risk.

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Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Verifying the signed contract is in place. Process payroll and include reimbursements, health insurance, loans and garnishments. Enter bank deposits.

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Optimize Vs. Maximize Construction Company Production

Contractor Bookkeeping

One of the keys to long term success in contracting is a deep understanding how the 80/20 Rule applies to your construction company and it is not just in your client mix as shown below, there is a lot more to it. It sounds crazy but look around you some of your competitors are laughing all the way to the bank and you can too! "If

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Contractors Are Renting Rather Than Buying More Equipment.

ENR Construction

Banking & Credit Crisis. --> Companies. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Amid PPP Slowdown, India Turns To Cash Contracts. Gulf Oil Spill. -->. Building Types. Construction Methods. Sustainability.