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

Levelset

Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?

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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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PACE Bill Due in Baltimore City

Green Building Law Update

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. Maryland is typical.

Baltimore 120
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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. Scope of work compared with past projects. Learn More. Ability to absorb losses.

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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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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.

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Wyoming Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The business must provide a bank “letter of credit” to guarantee payment of the bonds. Participation can be increased to 50% of the loan or $1,000,000 is the lender has secured a federal guarantee (i.e., These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. MARKETING ASSISTANCE.

Wyoming 40