Tag Archives: construction
The Inspector Who Saved Thousands on an Unnecessary New Roof
Yesterday high winds whipped through central New Jersey, screaming past quiet,tree-lined,residential streets,gusting to more than 50 miles an hour. The national weather service is still looking into whether these winds were actually a hurricane, but residents of one wooded area really don’t care about the classification of the storm, they are concerned with the clean up necessary after the devastation.
In Hunterdon, a large tree fell, ripping open the roof of a home, while residents were inside sleeping.The woman sleeping in the upstairs bedroom awoke to the sound of an enormous crash, and opened her eyes to falling plaster everywhere. She was lucky to be unharmed, and the damage to her home was substantial.
Meanwhile on a similar tree-lined street, another family awoke to the same high winds, safer and better prepared because of the home inspector who noticed something strange in trees on the property and recommended the opinion of a landscaping professional.The landscaper recommended taking down a 100 year old tree that was just a little too close to the home. Home inspectors check trees for evidence of the tree dying, being diseased, or having structural failure, and call in experts for their professional opinions. They also assess possible damage to structures if the tree falls, ramifications of construction and renovations around tree root structures, the possibility of storm damage, liability and tree maintenance issues, and whether the tree has been topped because this sometimes weakens the tree. In all cases expert landscaper opinions are solicited.
According to insurance company property and casualty claim data shows that the industry spends billions of dollars each year on fallen tree damage. Not only that, but claims involving tree damage have sharply risen over the last ten years due to increasingly violent storms, more trees being planted close to homes, and the trend to preserve large trees during construction. As a result of this, many homeowners have filed for enhanced landscape policies with coverage levels of $100,000 or more per tree. More home inspectors as they make recommendations should recognize this trend, and should protect themselves by purchasing errors and omissions insurance.
Construction Factoring Explained
{You could qualify for something called construction factoring if you’re a subcontractor working on a project. You are being kept hostage if you are waiting from 30 to 60 to 90 days after you have accomplished a job to get paid by the general contractor or your client. You may be nervous about paying suppliers or employees on time. In today’s economic climate, construction subcontractors will find this one of the worst challenges they will ever face.
New businesses present even more of a problem. You may not even have much operating funds. Nobody can afford to wait that long to be paid, and few people can qualify for a loan due to the tightening credit markets.
With the construction factoring tool, small to mid-sized subcontractors and suppliers will just have to wait about two days to get their invoices settled. This means you will have predictable cash flow. It’s easy to obtain and set up construction factoring, as opposed to bank financing.
Factoring provides with an alternative business financing option to let contractors fulfill their business responsibilities and grow. Invoice factoring speeds up slow paying invoices by financing them through a factoring company.
Here’s how it functions:
* Prior to creating an invoice, a supplier or contractor first delivers the service or product.
* The invoices are sold to the factoring company who pays the money to you.
* Select legitimate construction companies and general constructors to do business with.
* The transaction is finished when the invoices are paid by the client or general contractor. The service would require a factoring charge that’s priced competitively.
* It is simple to select among many factoring companies that is set up do deal with construction factoring.
* Factoring invoices are processed fairly promptly.
Construction factoring can bring in funds for invoices quickly and effectively, offering the necessary cash to meet your present responsibilities, and to also take on bigger jobs.
How does construction factoring function?
Using contractor factoring is a really simple, standard process like:
* Your services and products can be delivered to your client.
* Send an invoice to your client and send a copy to the factoring company.
* The general contractor then checks the invoice.
* You can get an advance of up to 85% from the factoring company.
Different from most bank financing, factoring is easy to obtain and can be set up very rapidly and construction factoring grows with your jobs. In addition, construction invoices has many advantages including the fact that people don’t have to wait to get paid for their work It offers foreseeable cash flow. Construction factoring is simple to employ and can easily be integrated to your business.
Applying to all areas of sub-constructors including: architects, asphalt, carpenters, ceiling, concrete, electrical, drywall, excavators, HVAC / mechanical contractors, paving, plumbing and roofing.
|If you are a subcontractor working on a project, you could qualify for something called construction factoring. You are being held hostage if you are waiting from 30 to 60 to 90 days after you have accomplished a job to get paid by the general contractor or your client. You may be worried about paying suppliers or employees on time. This is among the largest challenges for construction subcontractors, especially in today’s economic climate.
New businesses present even more of a problem. You may not even have much operating cash. Nobody can afford to wait that long to be paid, and few people can qualify for a loan because of the tightening credit markets.
All it needs is two days for small to mid-sized subcontractors to have their invoices settled using a tool called construction factoring. This means you will have predictable cash flow. As opposed to bank financing, construction factoring is simple to set up and obtain.
The bottom line is that factoring provides an alternative business financing option to let contractors grow and also to meet their business obligations. Invoice factoring accelerates slow paying invoices by financing them via a factoring company.
It functions like this:
* A contractor or supplier delivers the product or service, and then sends an invoice.
* The construction factoring company advances the money to you when the invoices are sold to it.
* Business runs better when you do it with reputable general contractors or construction companies.
* After the general contractor (or client) pays your invoices, the transaction is complete. There will be a competitively priced factoring fee associated with the service.
* To deal with construction factoring, it’s easy to select among the numerous factoring companies on hand.
* Factoring invoices are processed relatively promptly.
Construction factoring provides the cash essential to satisfy your present obligations, as well as bring in funds for invoices quickly, so you have the chance to go for bigger jobs.
How does construction factoring function?
A regular, easy procedure is taken when using contractor factoring:
* Your services and products can be presented to your customer.
* Give your customer an invoice, and a replicate of which to the factoring company.
* Invoice verification with the general contractor takes place.
* You can get an advance of up to 85% from the factoring company.
Construction factoring is different from bank financing because it is easy to get and can be set up very quickly. In addition, construction invoices has many benefits including the fact that people don’t need to wait to get paid for their work Foreseeable cash flow is what it provides. Construction factoring can be easily incorporated to your business, and is simple to employ.
Applying to all areas of sub-constructors like: architects, asphalt, carpenters, ceiling, concrete, electrical, drywall, excavators, HVAC / mechanical contractors, paving, plumbing and roofing.}