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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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What You Should Know Before Taking a Construction Loan

Construction Marketing

A construction loan is high-interest, short-term financing that you can use to custom-build your home. If the appraisers approve, the lender makes more draw payments to the contractor. Finding your dream home with all the unique features within your budget and in the perfect location can be challenging.

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Banks Consider Climate Change Risk for Home Loans

Pro Builder

It refers to the process of banks considering external climate data, including business analytics, climate science, catastrophe modeling and insurance modeling, when making loans and assessing a home’s value, according to Jesse Keenan, associate professor of real estate at Tulane University. Housing Policy + Finance.

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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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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. 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. STRATEGY |.

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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) However, informal (shop) and as-built drawings, incidental to the job, reflecting the plan of action and the completed project, are anticipated under a JOC.

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Just like any new company, drawing up a business plan is crucial. Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. Plus, establishing your business credit will make financing your business easier. . 13) Business insurance.

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