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Banks Consider Climate Change Risk for Home Loans

Pro Builder

Banks Consider Climate Change Risk for Home Loans. Banks are starting to calculate their risk exposure to climate catastrophes, and this process can be called “underwaterwriting” or “blue-lining,” depending on whether you’re looking at it from the point of view of the bank or consumer respectively. Housing Policy + Finance.

Banking 52
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What Every Business Owner Should Know about Design-Build Construction

Wolgast Corporation

Through three phases, the Contractor reviews the progress drawings with the Architect to ensure that the project is still within budget and can be completed by the deadline. He or she will then have enough information to know if financing is needed and, if so, documentation to take to the bank to get their loan approval.

Design 62
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Common Types of Construction Contracts And Their Use

cnstrctr

The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Competitive Value – if the drawings are complete, having competitively tendered the project can create value as people try to beat each other for the project.

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How Do Construction Loans Work?

Work Gearz

How to approach financing for contractors. Construction only loans : The loan must be fully repaid once construction is complete when we talk about construction-only financing. With construction-to-perm financing, the lender is liable to pay the contractor when the work is underway. In this detailed guide, you’ll find:-.

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Architect's Consent to Assigment

Construction Lawyer

Today’s financial institutions are very concerned about potential defaults by their borrowers during the design and construction phases of projects for which the bank is providing financing. It is not unreasonable for the bank to be concerned. It is not unreasonable for the bank to be concerned.

Banking 45
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Spec Home Builders Have Unique Bookkeeping Needs

Contractor Bookkeeping

Spec Home Builders - Need people trained in construction bookkeeping who understand how to put together a bank draw correctly, not someone with experience in regular bookkeeping. Yelling at the Incompetent Bookkeeper made them feel better; however, the financial damage to them, their families and their businesses was catastrophic.

Banking 54
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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Drawings have been used by designers for centuries to communicate ideas to the construction trades. Until recently, those drawings were produced by hand, but in the last 25 years or so, computers have become the primary tool people use to produce construction documents. MANAGEMENT |. ACCOUNTING |.