Key Financial & Safety Metrics for Subcontractor Qualification
Key Financial & Safety Metrics for Subcontractor Qualification
Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. For one thing, circumstances can change quickly in today’s uncertain construction industry. For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. The following standard financial ratios can help risk […]
The post Key Financial & Safety Metrics for Subcontractor Qualification appeared first on Digital Builder.
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Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. For one thing, circumstances can change quickly in today’s uncertain construction industry. For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. The following standard financial ratios can help risk […]
The post Key Financial & Safety Metrics for Subcontractor Qualification appeared first on Digital Builder.
Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. For one thing, circumstances can change quickly in today’s uncertain construction industry. For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. The following standard financial ratios can help risk […]
The post Key Financial & Safety Metrics for Subcontractor Qualification appeared first on Digital Builder.
Trade Partner Management is essential but risky Imagine a building without proper plumbing, no flooring and spotty electrical wiring. Doesn’t exactly sound like an environment people might want to find themselves in. For an owner, working with the right trade partner is crucial. They ensure things get built on time and protect the quality of buildings. Their dedication and countless hours of experience allow general contractors and property developers to trust them wholeheartedly (most of the...
Trade Partner Management is essential but risky Imagine a building without proper plumbing, no flooring and spotty electrical wiring. Doesn’t exactly sound like an environment people might want to find themselves in. For an owner, working with the right trade partner is crucial. They ensure things get built on time and protect the quality of buildings. Their dedication and countless hours of experience allow general contractors and property developers to trust them wholeheartedly (most of the...
A native of San Antonio, Texas, Devin Elder was inspired to become an entrepreneur after observing his business-minded brother. Before fulfilling that dream, he started a corporate career in a handful of small tech companies in San Antonio as a salesperson. Those roles provided invaluable sales skills, which helped with his real estate investments. After some insightful reading, he realized the need to create passive income which led him to the world of real estate. He founded DJE Texas Manageme...
A native of San Antonio, Texas, Devin Elder was inspired to become an entrepreneur after observing his business-minded brother. Before fulfilling that dream, he started a corporate career in a handful of small tech companies in San Antonio as a salesperson. Those roles provided invaluable sales skills, which helped with his real estate investments. After some insightful reading, he realized the need to create passive income which led him to the world of real estate. He founded DJE Texas Manageme...
In an era where real estate firms are inundated with data, it can be hard to know what data is most important to your business, and it can be even harder to uncover that information in the first place. CFOs and Controllers in real estate firms need to track commercial real estate metrics to ensure … Continued
The post 4 commercial real estate metrics to drive financial success appeared first on MRI Software.
In an era where real estate firms are inundated with data, it can be hard to know what data is most important to your business, and it can be even harder to uncover that information in the first place. CFOs and Controllers in real estate firms need to track commercial real estate metrics to ensure … Continued
The post 4 commercial real estate metrics to drive financial success appeared first on MRI Software.
In light of Construction Safety Week, Construction Dive asked experts to weigh in on the high suicide rate plaguing the industry and what employers can do to protect workers.
In light of Construction Safety Week, Construction Dive asked experts to weigh in on the high suicide rate plaguing the industry and what employers can do to protect workers.
Updated standards are on the way, as panelists at a recent webinar urged more frequent fall protection tests.
Updated standards are on the way, as panelists at a recent webinar urged more frequent fall protection tests.
Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects […]
The post Subcontractor Default Insurance: Pros & Cons for General Contractors appeared first on Levelset.
Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects […]
The post Subcontractor Default Insurance: Pros & Cons for General Contractors appeared first on Levelset.
Storm Surge Creates Ongoing Health, Safety And Financial Hazards For Hurricane Ian Survivors Hurricanes damage buildings in two major ways: Wind damage and flooding. In Hurricane Ian, which made landfall in Lee County, Florida last Wednesday, water was definitely a major factor, carrying homes off of their foundations, sweeping boats, cars and sea life through neighborhood streets and flooding roads, parks and structures. “Overwhelmingly, it's been that surge that has been the biggest issue,"...
Storm Surge Creates Ongoing Health, Safety And Financial Hazards For Hurricane Ian Survivors Hurricanes damage buildings in two major ways: Wind damage and flooding. In Hurricane Ian, which made landfall in Lee County, Florida last Wednesday, water was definitely a major factor, carrying homes off of their foundations, sweeping boats, cars and sea life through neighborhood streets and flooding roads, parks and structures. “Overwhelmingly, it's been that surge that has been the biggest issue,"...
THE BEST WAY TO MANAGE DOOR LOCKS AT YOUR RENTAL PROPERTY Locks are a critical, yet often overlooked, component of ensuring your tenants are safe and feel safe. It’s important that you, as a landlord, have an efficient system so you don’t cut corners at some point and endanger anyone’s lives or property. With over a decade in the property management business and over 1000 units under management, Nexus highly recommends that our clients switch their key locks over to Kwikset’s Smartke...
THE BEST WAY TO MANAGE DOOR LOCKS AT YOUR RENTAL PROPERTY Locks are a critical, yet often overlooked, component of ensuring your tenants are safe and feel safe. It’s important that you, as a landlord, have an efficient system so you don’t cut corners at some point and endanger anyone’s lives or property. With over a decade in the property management business and over 1000 units under management, Nexus highly recommends that our clients switch their key locks over to Kwikset’s Smartke...
Home Equity and Financial Safety: Which Loan Programs Can Help You Prepare for Uncertainty? Blog posted On July 14, 2022
Unlike traditional HELOCs, the All In One Loan™ can help borrowers pay off their balance in half the time without changing their budget, keep their home equity dollars available for longer time, and avoid tens of thousands of dollars in interest. If you’re interested in learning more about our HELOC program or All In One Loan™, contact us toda...
Home Equity and Financial Safety: Which Loan Programs Can Help You Prepare for Uncertainty? Blog posted On July 14, 2022
Unlike traditional HELOCs, the All In One Loan™ can help borrowers pay off their balance in half the time without changing their budget, keep their home equity dollars available for longer time, and avoid tens of thousands of dollars in interest. If you’re interested in learning more about our HELOC program or All In One Loan™, contact us toda...