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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. Green Construction & Construction Software » The Business of Construction Risk Management. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. STRATEGY |. MANAGEMENT |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. Healthy Competition » Free Webinar on Reducing Profit Fade. One problem that even the most savvy contractors deal with is profit fade, when a job continues to incur additional costs that are not factored into the estimate. Green Building. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. If a business is unprofitable in 2011, and has no taxable income to use the deduction, that business can elect to use 100% Bonus Depreciation and carry-forward to a year when the business is profitable. Green Building. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. Querying different type of jobs in job costing to look at profitability by type. Green Building. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. foundation.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Green Building. Green Building. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Construction Safety.

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