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FAQ
1. What paperwork is needed to set up a new job?
2. How often do you make disbursements?
3. How long does it take to fund a disbursement request?
4. How do subcontractors and suppliers actually get paid?
5. What happens if the owner wants to make a change to the project during construction?
6. How are reimbursements handled?
7. How are material deposits handled?
8. Do you do inspections?
9. Can the cost breakdown be changed after the project has started?
Q. What paperwork is needed to set up a new job?
A. Ordinarily, the documentation required to set up new job is received from the lender and consists of: #1) a New Job Request Form, #2) a copy of the cost breakdown, #3) a set of working plans and a copy of the appraisal (if costing services are requested).

Q. How often do you make disbursements?
A. Our programs provides for two disbursements per month, roughly at 15 day intervals. For Projects set up under our voucher program, funds are drawn twice per month but voucher payments are made daily.

Q. How long does it take to fund a disbursement request?
A. Ordinarily it takes 5 to 7 business days to process a disbursement request and have the funds either deposited into the escrow account by the lender or have the draw funded by the lender and the checks mailed.

Q. How do subcontractors and suppliers actually get paid?
A. Under our voucher program, the general contractor (or owner-builder) gathers the invoices and writes the vouchers to make the proper payments. The owner reviews the vouchers and back-up documentation and signs the vouchers. Upon funding of the draw by the lender, the general contractor forwards the vouchers to the payees. The payees signs the voucher and sends it to us. We write the check and mail it directly to the payee. Under our ZBA and Class A systems, the checks are written by the owner and forwarded to us. We approve the draw and forward the draw to the lender. Once the draw is funded the checks are mailed to the various payees.

Q. What happens if the owner wants to make a change to the project during construction?
A. We have procedures to monitor Change Orders and these changes must be approved by the lender. The source of funds for Change Orders is determined by the bank and appropriate deposits are made.

Q. How are reimbursements handled?
A. Reimbursements are made payable to the person who made the original payment. A copy of the paid invoice and a proof of payment document such as an unconditional release or cancelled check is attached either to a voucher or is included in the draw documentation for our ZBA or Class A systems.

Q. How are material deposits handled?
A. Customary deposits for specific trade items are handled through the normal voucher or draw process. Note: Deposits should not be paid to contractors in advance of labor to be performed. Contractor labor is paid upon completion of any given phase of billing.

Q. Do you do inspections?
A. An inspector from our company will visit the jobsite approximately every 2 weeks and take photos and complete a written report which is sent to the lender. This inspection is only to monitor job progress and not intended to judge the quality of workmanship, code compliance, or any other technical aspect of the job.

Q. Can the cost breakdown be changed after the project has started?
A. We have procedures which provide the opportunity to modify the budget by reallocation. These cost breakdown change requests are forwarded to and approved by the lender. The lender then notifies us to modify the budget.

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HASZ HOME INSPECTION SERVICE!
Hasz Home Inspection provides you a peace of mind. A Hasz Home Inspection includes a visual and operational examination of more then 400 items both inside and outside the home - everything from the foundation to the roof. Our Quality inspectors are trained to meet and exceed the highest standards in the home inspection industry. Hasz professionals are trained to inspect a variety of small to medium sized residential, condominium and commercial property.
Updated March 29, 2017


HASZ HOME INSPECTIONS
A professional home inspection gives buyers valuable information about a prospective purchase and helps provide peace of mind. A Chuck Hasz Home inspection includes a visual and operational examination of more than 400 items both in and outside the home -- everything from the foundation to the roof. Our quality inspectors are trained to meet and exceed the highest standards in the home inspection industry. Hasz professionals are trained to inspect a variety of small to medium size residential and commercial properties. For an inspection on your home or commercial property: Call 818-999-0906 Hasz Home Inspections Mark Emmons President Senior Inspector
Updated March 27, 2017


SBA ANNOUNCEMENT-FUND CONTROL ALTERNATIVE APPROVED
The Small Business Administration released the long-awaited revisions to SOP 50-10. The latest version (version 5) became effective August 1, 2008. The new SOP was reduced in size from over 1,000 pages to 400 pages. SBA lenders from 8 different locations around the country helped write the modifications with the SBA’s assistance. This version should help streamline the loan application process. One of the major modifications relates to fund control. Chapter 5 section 6 on page 198 states: “SBA has granted a blanket waiver on the requirement of a performance bond when a third party in the business of providing management services controls the disbursement of the proceeds” The process and procedure utilized by Hasz Fund Control clearly conforms to the new version of the SOP. SBA managers and administrative specialists are urged to contact us at 818.999.0906 ext 104 so that we may further expand on how we may help you.
Updated August 12, 2008