It is said that an army marches on its stomach. A hungry army will not perform. So it is with the remodeling or disaster restoration industry. It is the responsibility of the property owner to honor the payment schedules established in the repair and reconstruction contract. Your project manager and your reconstruction support team will work to help you navigate the maze that can be the flow of funds on a restoration/reconstruction project. We will aid you in working with your insurance company, your mortgage company, and all other parties involved with the claim payment process. However, ultimately it is the property owner’s responsibility to see that payments are made in a timely fashion. Delays in the project or work stoppage can be the result of missed or delayed payments. The contract payment schedule is set to protect all parties to the event and to expedite the rebuilding and repair process. Be sure to ask your personal project manager to explain anything that is unclear. Below are some concepts to understand.
