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What You Should Know Before Taking a Construction Loan

Construction Marketing

Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral. How construction loans work.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . FINANCIAL RATIOS: DEBT . Debt Ratio . Debt-to-Equity .

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A Cash Flow Guide for Architects

Levelset

If the total cost of running the business is $200,000 (including salary, rent, insurance, etc.), Knowing that it’s difficult to estimate exactly how long a project takes, it’s a best practice to be very conservative with the estimated time needed, and add a buffer of 20% or more to the estimated total hours.

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What Is Building Valuation | Purposes of Building Valuation | Building Valuation Methods

CivilJungle

Before one buys a building or sells a building he should estimate the present value of the property. And this estimation process should be done correctly. Many people make some common mistakes while estimating the value of a building or in other words calculating the worth of a building. For buildings, the same goes.

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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. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. GCs can also purchase subcontractor default insurance to reduce this risk. Learn More.

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Chart of Accounts Bad Debts. Chart of Accounts Bad Debts. Chart of Accounts Insurance Health And Dental. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Vehicles. Chart of Accounts Estimates. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Health And Dental.

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Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

Chart of Accounts Bad Debts. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Health And Dental. Chart of Accounts Estimates. Insurance Audit Reporting. Security Deposits Tracking.