Page 17 - Intro booklet 2021_Neat

The progress report is intended to facilitate open communication between the

homeowner and the contractor and maintain accountability through the
completion of the work. In addition to the report, the CMA calls the homeowner
to verify that the meeting took place, to answer questions and to identify any

situations that may be developing.

Completion

When the work is completed, the contractor completes a “walk-through” with the
homeowner and creates a punch list of items that need to be addressed prior to

final payment. The CMA works with the homeowner and contractor until all open
punch list items are resolved. The contractor then submits the completion
certificate, and the C.O. (Certificate of Occupancy) issued by the county with their
final invoice. The CMA makes a final call to the homeowner to ensure completion

and satisfaction and the carrier is notified that the project is completed.

Cash Flow Management

The David Corey Company does not receive, hold or disburse the contractor’s

money. Rather DCC manages the payment process for the carrier. At the
appropriate times during the construction, DCC will submit a “request for
payment” on behalf of the contractor. DCC only submits the request once

verification of completed work has taken place. The carrier then writes the check,
sends it directly to the contractor and notifies DCC of the release of funds.

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