Revenue doesn’t tell the whole cash-flow story for restoration contractors. Tracking two key intervals – job completion to invoice submission, and invoice submission to payment – helps measure performance the right way.
Appraisal gets talked about as the ‘nuclear option’, but that costs contractors money, because it turns a procedural tool into an emotional decision. Here’s a look at what appraisal actually does and how to decide which files are worth escalating.
Most advice about getting paid faster focuses on what’s on the invoice. Less attention goes to how it’s packaged, and that turns out to matter more than most contractors expect.
Understanding these few key words in the IICRC S500 standards can make a huge difference for your business.
Classification is not paperwork you complete to satisfy the standard, it’s the reasoning behind your scope, and it can make all the difference when it comes to getting paid in full for your work.
A work authorization is more than just a formality, it is the foundation of your entire insurance claim. Discover the critical legal clauses, like the Assignment of Benefits (AOB), that protect your profit margin, prevent billing bottlenecks, and ensure your restoration business gets paid accurately.