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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

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.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. Sureties calculate working capital more conservatively than other credit providers or banks. GCs can also purchase subcontractor default insurance to reduce this risk. Learn More.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Bank Accounts - Set up two bank accounts in your company name. You say O.K.

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Builders, Stop the Waste!

Pro Builder

As I stared in disbelief, my mind wandered back to the online orientation I’d conducted for one of our upcoming LeanBuilding Blitz events just the day before. Our business at TrueNorth is built primarily upon waste reduction, and so far we have no fear of job security. Well, that builder thought the same. The examples go on and on.

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Legal Documents Required for Purchase of Property

CivilJungle

A deed is evidence of a specific event of transferring the title of the property from one person to another. 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.

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New Contractor Business Start Up

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Bank Accounts - Set up two bank accounts in your company name. You say O.K.