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Seamless Collaboration: How Contractor Connection Partners with the Insurance Industry

Contractor Connection

In today’s ever-evolving insurance landscape, the importance of swift and efficient claim resolution cannot be overstated. Let’s embark on a thorough exploration of how Contractor Connection partners with the insurance industry, delivering a holistic, efficient, and dependable claim journey.

Insurance 105
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What You Should Know Before Taking a Construction Loan

Construction Marketing

If the appraisers approve, the lender makes more draw payments to the contractor. Your lender may also need a prepaid homeowners insurance policy, including the builder’s risk coverage, to ensure you’re financially protected should anything go wrong during the construction process. How to choose a construction loan lender.

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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.

Banking 52
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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

To successfully plan for risks going into a construction project, contractors should also learn to draw a line between the two different techniques of risk acceptance. On the other hand, active acceptance of risks refers to the opposite. Image source: MHA Consulting, Inc. Acceptance and Contingency Risk Response Strategies.

Risk 59
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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. RSMeans refers to this as, "Price the quantities."

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10 Essential Types of Construction Documents

Autodesk Construction Cloud

Architectural drawings. Certificates of insurance. Insurance . 5: Drawings. Construction documents often include architectural drawings. Also referred to as “ specs ,” these will cover information such as the: Equipment that is expected to be used on-site. Work orders. Safety reports. Claims processing.

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How Much Does Your Home Really Cost?

CivilJungle

Specifically, it comes into play with RCE in the context of insurance. RCE insurance refers to the reconstruction cost estimate that will determine how much coverage you get. Also, Read: How to Calculate Slab Steel Quantity from Drawing | BBS of Slab. But what does your home really cost? Construction Backlog.