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Construction Draw Documentation and Preparation
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Draw documentation requirements on construction projects have become more stringent over recent years. If the project delivery team provides incomplete or inaccurate information, it can result in delayed payments to everyone. This seminar will assist you in expediting the funding process, improving your company’s reputation, and ultimately, increasing your profitability!

10/20/2016
When: Thursday, October 20, 2016
9:00 AM - 5:00 PM EDT
Where: Residence Inn by Marriott Miami - Aventura Mall
19900 West Country Club Drive
Aventura, Florida  33180
United States
Contact: Lisa Noll
602) 714-1667

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This Seminar is AIC accredited and approved for 8 CPD Credits.


Click here to register at a discounted rate.


 

WHO SHOULD ATTEND?


This seminar is geared for everyone involved in the construction draw process who appreciates timely draw funding, including borrowers, owners, developers, builders, lenders, investors, owner representatives, construction managers, title companies, general contractors, subcontractors, suppliers, and designers including architects and engineers, etc.

 

WHY SHOULD YOU ATTEND?


Draw documentation requirements on construction projects have become more stringent over recent years. If the project delivery team provides incomplete or inaccurate information, it can result in delayed payments to everyone. This seminar will assist you in expediting the funding process, improving your company’s reputation, and ultimately, increasing your profitability!

 

WHAT WILL YOU LEARN?

 

 What the construction draw process is from pre-acquisition to the receipt of funds (overview).
 How to develop timely and accurate construction draw documentation, includ-ing hard and soft costs.
 How to implement a thorough draw documentation quality control program.
 What the common mistakes found in construction draw packages are, which delay the funding process.
 What the function and importance are for each of the typically-required
documents.
 Insight into how delayed funding can be damaging to your project and your reputation.
 Tips and procedures to help expedite the funding process.
 Closeout documentation and release of retention processes so you’re prepared ahead of time.
 What the advantages are of expedited payments.
 For borrowers, information to help you improve your reputation to obtain better loan terms and general contractor pricing in the future.
 For general contractors, information to help you improve your reputation to secure more projects and to obtain favorable pricing from subcontractors and suppliers.
 How to minimize time and increase profitability by having an efficient and
effective draw preparation process.
 How to minimize or eliminate late-payment phone calls and interest charges.
 Requirements for compliance with prompt-payment and lien laws.
 How to improve your cash flow.

 

 

The afternoon session will include an Industry Update Panel Discussion where prominent lenders, investors, owners, developers and general contractors will share their thoughts on current market trends, the challenges they see and their predictions for the near future. The panel will take questions from the audience.

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