Wells Fargo CFO calls commercial real estate a ‘long movie’
Construction Dive
FEBRUARY 28, 2024
The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.
A bank that doesn’t go far enough?
Construction Law
MARCH 31, 2021
One thing that can be confidently said about the newly announced National Infrastructure Bank (NIB) is that it won’t be funding very much of the procurement of the UK’s national infrastructure. Adverse comparisons are being made with the scale of the European Investment Bank funding that has been lost post Brexit, which was some £5 Billion.
Banking 
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You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills
Wolgast Corporation
NOVEMBER 28, 2022
On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building.
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The Impact of ASC 842 – The New Lease Standard Is Here
Construction Business Owner
JUNE 1, 2022
The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Accounting & Finance.
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Phases of Commercial Real Estate Development
Construction Marketing
JANUARY 25, 2023
Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. You must secure financing for the project. Read more on the proper steps to ensure your commercial investment runs smoothly.
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Such Great Heights: The 5 Tallest Buildings of the Year
Viewpoint Construction Technology
AUGUST 16, 2017
Weather, financing, delays, and more can affect when a job comes to completion no matter how small or tall a build is. The 125-story tower will consist of office space, luxury apartments, and a five-star hotel. Tianjin CTF Finance Centre. The building will encompass a trifecta of offices, luxury apartments, and a hotel.
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What Every Business Owner Should Know about Design-Build Construction
Wolgast Corporation
FEBRUARY 27, 2024
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. With the Design-Build method, an Owner can get a preliminary budget, roughly, a month or so after meeting with the Architect depending on the size of the project.
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CFOs Increasingly Optimistic About Economic Growth
Buisness Facilities Contributed Content
MAY 12, 2014
A new survey from TD Bank reveals a surge in both economic optimism and capital spending plans among middle market and large corporate finance executives. According to TD Bank’s fourth Annual CFO Survey, nearly 60% of respondents are optimistic about U.S. Posted by Heidi Schwartz. Despite Optimism, Concerns Linger.
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Common Types of Construction Contracts And Their Use
cnstrctr
JANUARY 4, 2020
The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. For the examples I’ll be using a 10 storey office tower as the example building. Utilizing the office tower example, an owner may have a vision for an office tower.
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Snapshots: 60 Seconds with Val Hale, Utah Governor’s Office of Economic Development
Business Facilities
OCTOBER 25, 2016
Val Hale, Executive Director, Utah Governor’s Office of Economic Development. Business Facilities: Snap Finance recently announced an expansion of its Utah headquarters. We have what I call “anchor” institutions in this sector such as Fidelity Investments, Wells Fargo, Zions Bank and Goldman Sachs. By the BF Staff.
Utah 40
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Snapshots: 60 Seconds with Van Hale, Utah Governor’s Office of Economic Development
Business Facilities
OCTOBER 24, 2016
Van Hale, Executive Director, Utah Governor’s Office of Economic Development. Business Facilities: Snap Finance recently announced an expansion of its Utah headquarters. We have what I call “anchor” institutions in this sector such as Fidelity Investments, Wells Fargo, Zions Bank and Goldman Sachs. By the BF Staff.
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The 3 Most Important Hires for Increasing Sales
Pro Builder
MARCH 29, 2021
Having a strong sales team in place can also make obtaining financing easier. A strong sales process that includes pre-sales makes your business attractive to banks and investors, as you will have contracts from qualified buyers to back up your projections. . Land Consultant. Increasing sales volume starts with a great piece of land.
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ESG Disclosure Simplification Act Passes Committee But Will Fail
Green Building Law Update
OCTOBER 13, 2019
The Bill if enacted would also create a new permanent Sustainable Finance Advisory Committee that must within 180 days of first meeting submit to the SEC “recommendations about what ESG metrics” the SEC should require be disclosed. But again, there is no realistic scenario under which this becomes law.
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The Secret Sauce to Protecting Construction Profits
Autodesk Construction Cloud
APRIL 24, 2023
Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins. You can help avoid these unnecessary costs during construction by better connecting the office to the field with project management software.
Contractors Are Not Bankers!
Contractor Bookkeeping
JUNE 15, 2012
You Are Not A Bank - Never lend money to a customer in the form of providing a lot of labor, material, subcontractors and rental equipment hoping to get paid later on down the road. No invoicing, no waiting for the check to arrive and hoping it will clear the bank. You Can Offer Financing - Accept credit cards!
Contractors 54
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How Do Construction Loans Work?
Work Gearz
SEPTEMBER 22, 2020
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. First National Bank. Timelines of loan.
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Keep Construction Office & Operations Teams Happy with These ERP & Financial Integrations
Autodesk Construction Cloud
MAY 5, 2023
These solutions are packed with features that cater to the needs of back-office teams, making their lives a lot easier. But what about the operations teams? Fortunately, integrations between project management solutions and ERP/financial systems are helping make managing finances, fieldwork, and everything in between much simpler.
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South Dakota Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 6, 2016
Bond Financing: Provides small businesses with access to the public bond market. The REDI Fund is one of South Dakota’s primary economic development financing tools. Microloan SD: A partnership with the South Dakota Development Corporation and Governor’s Office of Economic Development (GOED).
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Steady Optimism Among U.S. Commercial Real Estate Executives, Increased Investor Appetite
Buisness Facilities Contributed Content
MARCH 17, 2014
commercial real estate financing in 2014. REITs are expected to continue to serve as a leading source of real estate debt and/or equity funding while banks also are projected to boost funding in 2014. Confidence in the banking industry as a primary source of commercial real estate financing has increased by 34% since 2011.
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Construction Bookkeeping Unique Features
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. Occupancy Expense - Office.
Adding Efficient Construction Management and LEED Certification to Lower Operating Costs
Constructonomics
FEBRUARY 4, 2013
homes and offices remain inefficient. Sustainable projects often also enjoy preferred financing from banks and other lenders. If potential buyers can easily get financing, there is a much greater likelihood that the homes will sell. High bills have become something of an accepted norm.
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Housing’s Great Rethink: Workforce Development Takes Center Stage
Pro Builder
DECEMBER 7, 2022
In manufacturing and construction—industries that generally pay well—quits outnumbered swaps, according to the Federal Reserve Bank of St. In manufacturing and construction, however—industries that generally pay well—quits outnumbered swaps, according to the Federal Reserve Bank of St. as of September 2022? Louis (FRBSL).
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How Mortenson Opened an Office in China | ENR: Engineering.
ENR Construction
JULY 22, 2012
Banking & Credit Crisis. --> Companies. How Mortenson Opened an Office in China. In 2005 we established the companys first permanent office in China. Gulf Oil Spill. -->. Building Types. Construction Methods. Sustainability. Haiti Reconstruction. Economic Stimulus. -->. Safety & Health. Project Delivery. Associations.
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Business Report: Maryland – Howard County Opens 3D Printing Prototype Lab
Business Facilities
JULY 30, 2014
The Chesapeake Innovation Center (CIC), Anne Arundel County’s technology business incubator, is expanding to larger, new Class-A space in the Seven Oaks Office Building in Odenton, Executive Director Laura Willoughby has announced. The Seven Oaks Office Building is leased by Capitol Creag’s Kevin Wilson.
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West Virginia Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 9, 2016
Part of the service includes providing aggressive development assistance in the form of tax credits and financing programs. FINANCING & GRANTS. This program insures up to 80% of a bank loan for a maximum loan term of four years. West Virginia is a prime location for global businesses. WORKFORCE TRAINING.
New Jersey Companies To Share Over $35M
Business Facilities
OCTOBER 19, 2016
Administered by the New Jersey Economic Development Authority (EDA) and the New Jersey Department of Treasury’s Division of Taxation, the program enables eligible technology and biotechnology companies to sell New Jersey tax losses and/or research and development tax credits to raise non-dilutive cash to finance their growth and operations.
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Pennsylvania Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 9, 2016
GAP is administered by the Pennsylvania Office of International Business Development (OIBD) and provides up to $3,500 per year to qualifying Pennsylvania companies to reimburse 100% of eligible expenses associated with specific export promotion activities. The total tax credits awarded to a taxpayer may not exceed $500,000 in any fiscal year.
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Five Trends: Why Smart Building Technology Makes Good Business Sense
Buisness Facilities Contributed Content
NOVEMBER 11, 2013
Like a new lobby or elevator bank, an improvement in sustainability makes an office building more desirable to tenants. These benefits can justify collecting higher rent, and can increase competitive advantage and occupancy rates. And when the building is sold, sustainable investments can be recouped in an increased sales price.
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New Hampshire Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
New Hampshire Office of International Commerce: Plans, develops and administers programs for international trade promotion and foreign market development for New Hampshire companies; oversees the Export Expansion Fund, which helps businesses expand into global markets. Export-Import Bank; U.S. FINANCING & GRANTS.
PSMJ Resources Blog: Construction job openings, pay rose at.
PSMJ Resources
FEBRUARY 10, 2012
Both New York and the San Francisco area, where a technology boom has pushed rents up rapidly, are seeing a few speculative office buildings break ground. Both New York and the San Francisco area, where a technology boom has pushed rents up rapidly, are seeing a few speculative office buildings break ground. and 38%, respectively.
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How We Help Contractors To Succeed
Contractor Bookkeeping
MARCH 16, 2013
The Next Step - If you are within driving distance of our office at 19909 64th Ave W. Lynnwood Washington, 98036 Suite B - 2nd Floor is to set an appointment for an in-person visit at our office. Are you having issues with the office manager, a spouse, a contractor or someone else? The First Meeting - Takes place in our office.
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48 We Remove Contractors Unique Paperwork Frustrations
Contractor Bookkeeping
JULY 7, 2014
You trust your wife so your stuck her with all the back office work and administrative tasks and paperwork because how hard could it be for her to: Answer The Phones. Reconcile The Bank Accounts. Arrange Financing For Trucks And Equipment. Make Bank Deposits. 100% Paperless Office Is Not The Entire Answer.
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Legal Documents Required for Purchase of Property
CivilJungle
AUGUST 8, 2022
Recorder’s Office Documents. 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. Finish Financing Steps and Close on the Home. Property Deeds. Deed of Trust.
Legal 52
52 Bill.Com Can Save Time And Increase Your Construction Company Profits
Contractor Bookkeeping
DECEMBER 20, 2013
Online invoicing and bill paying and is saving contractors in ### time and money by streamlining their entire processes which means they and getting paid faster and putting more money in the bank to operate and grow their construction company. Everyday more of your competitors are jumping on the online banking bandwagon.
15 Tips For Starting Your Own Roof and Guttering Business
Construction Marketing
FEBRUARY 11, 2021
Setting up your office and setting a storage area at home will do while you’re beginning. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. Plus, establishing your business credit will make financing your business easier. .
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Xero Accounting Online Setup Errors Fixed Fast And Easy!
Contractor Bookkeeping
DECEMBER 3, 2013
Connect your bank and PayPal feeds. We Can Convert The Following To Xero Accounting: Shoe Box Full Of Paperwork, Receipts And Bank Statements. Chart of Accounts Customer Checks Returned From Bank. Chart of Accounts Financing Costs. Employee Reimbursements - Officers. Payroll Preperation - Officers.
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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?
Levelset
OCTOBER 13, 2022
If you rent storage or office space from a building owner, they may ask for a COI before you sign a lease. You may secure funding for equipment through a bank or other lender. To protect their interests, these institutions will require property insurance on a backhoe, for instance, if it’s financed through their operation.
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FMI Releases Q2-2012 Construction Outlook Report | Business.
Contractor Magazine
JULY 18, 2012
FMI , the largest provider of management consulting and investment banking to the engineering and construction industry, releases the second quarter 2012 Construction Outlook Report. Office construction should be 4% by the end of 2012 and improve to around 6% for 2013 through 2014. Related Articles Contractors to learn finance.
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How To Fix Your Incompetent Bookkeeper!
Contractor Bookkeeping
JUNE 14, 2012
Our All-Time Favorite - Incompetent Bookkeeper, the "I am a whiz at finance because I have experience as bank teller, insurance underwriter, bond underwriter, loan underwriter, auditor, loan officer, CFO, or my brother, mother, sister, aunt or uncle is the world's greatest C.P.A.! I Saved The Best For Last.
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48 Stop Bookkeeper Embezzlement In Your Construction Company
Contractor Bookkeeping
OCTOBER 3, 2014
Bookkeeper Embezzlement Can Destroy Your Construction Company And Your Personal Finances. 05 - Your Bookkeeper - Takes Records Home to work on or they want to work in the office when no one is around (Fraudulent activities are easier when nobody is around). #06 06 - Your Bookkeeper - Refuses to take a vacation. #07
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Britain’s draconian coronavirus lockdown could be eased when fewer than 50 new cases are recorded each day for a fortnight, top scientist suggests
Construction Test
MAY 21, 2020
Officers in Windermere, Cumbria, are already sending people in camper vans home, while locals in St Ives, Cornwall, blocked some roads to protect vulnerable residents. It said the central bank will directly finance the extra spending the Government needs on a temporary basis. Police chiefs urge tougher lockdown curbs .
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Milhaus, Gershman Partners, and Citimark close on $70 million multifamily development in Indy
BD+C
MAY 30, 2023
Lake City Bank provided financing. Focusing initially on ground-up retail projects, GP has expanded its reach by adding office, multifamily, and industrial properties to its portfolio. ABOUT LAKE CITY BANK Lake City Bank, a $6.4 billion bank headquartered in Warsaw, Ind., Construction is under way.
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52 Starting Profitable Construction Company Unique Secrets Revealed
Contractor Bookkeeping
OCTOBER 4, 2013
Go to your bank and ask to speak with the commercial banker. Every bank has one and they can be one of your most powerful allies and mentors. The really good news they are on the banks payroll. Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances.
Calif. HSR Authority Chief Clears Air About Project | ENR.
ENR Construction
JULY 25, 2012
Banking & Credit Crisis. Description: ENR interviewed California High-Speed Rail Authority CEO Jeff Moreles in his Sacramento office just a week after the California legislature gave the project a green light. Gulf Oil Spill. Building Types. Construction Methods. Sustainability. Haiti Reconstruction. Economic Stimulus. Associations.
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