Construction Marketing
JANUARY 25, 2023
Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. This includes creating a detailed project schedule, budget, and phasing plan. You must secure financing for the project. The construction process also provides for installing flooring, paint, and fixtures.
Green Building Law Update
SEPTEMBER 11, 2016
A public hearing is scheduled tomorrow on a Property Assessed Clean Energy (PACE) loan program ordinance in Baltimore City. While Sonoma County was an early innovator, Connecticut has a widely admired statewide green bank program that is up and running and it is the model for Maryland. Maryland is typical.
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Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
Contractor Bookkeeping
MARCH 9, 2013
Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Maintain a fixed asset list with depreciation schedule. Enter banking transactions including EFT, ACH, NSF, checks, debits and automatic payments. Go to the bank.
Contractor Bookkeeping
AUGUST 16, 2013
Bank Balance - Un-cleared Checks) = Cash. Bank Account - Escrow Deposits. Bank Account - Operating. Bank Account - Job Deposits. Bank Account - Payroll. Bank Account - Operating. Bank Account - Petty Cash. Bank Account - Payroll. Bank Account - Petty Cash. Chart of Accounts Bad Debts.
Work Gearz
SEPTEMBER 22, 2020
During the scheduled intervals, the installment payments are made to allow the builder to cover the costs for each phase of construction. First National Bank. Try to find a builder who has good experience in scheduling and budgeting and someone who can work well with deadlines and limitations of lender phased payments and inspections.
Contractor Bookkeeping
MAY 5, 2014
Owner’s equity is in theory what would be left over if you liquidated the company, sold the assets and paid all of the debts or liabilities. Successful contractors put the cash in another interest bearing bank account and do not transfer any of it until the work is performed. Maintenance That Is Never Performed. Five Benefits. #1
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