calledandchosen
New member
Honest question. I always feel like I’m asking for something extra when it’s built into the premiums that the PH pay monthly on their RCV policy calculated during the underwriting process.
Xactware white papers detail this as well as the book “property loss adjusting”.
I could understand if you’re not actually a GC but rather a specific trade that has in house services (plumber doing plumbing, roofing company with in house crews, etc.) but if I’m hired as a GC to hire crews, manage the work, and warranty a project I don’t see any literature saying that O&P should be withheld or that specific criteria must be met. I build my contracts to include 10 & 10 and the homeowners I work with always agree to it in the final scope.
Open to dialogue, is this an internal policy or something actually written into the PH’s contract?
Xactware white papers detail this as well as the book “property loss adjusting”.
I could understand if you’re not actually a GC but rather a specific trade that has in house services (plumber doing plumbing, roofing company with in house crews, etc.) but if I’m hired as a GC to hire crews, manage the work, and warranty a project I don’t see any literature saying that O&P should be withheld or that specific criteria must be met. I build my contracts to include 10 & 10 and the homeowners I work with always agree to it in the final scope.
Open to dialogue, is this an internal policy or something actually written into the PH’s contract?