R2R Meeting 15 ppt

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June 5, 2008

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R2R Meeting 15 ppt

  1. 1. SoCal 2007 Wildfire Roadmap to Recovery: Fund Control, Special Vendor Offerings, and Acting As Your Own General Contractor June 5, 2008 Rancho Bernardo Community Presbyterian Church www.unitedpolicyholders.org Karen Reimus [email_address]
  2. 2. The Fine Print… <ul><li>The information provided in this program is intended for general educational purposes only. It should not be construed as legal advice. </li></ul><ul><li>The speakers at today’s program are volunteering their time as educators. </li></ul><ul><li>Neither United Policyholders nor the Rancho Bernardo Community Presbyterian Church endorse or warrant the quality or services of any volunteer speakers. </li></ul>
  3. 3. Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, June 26, 2008:  </li></ul><ul><li>Post-Disaster Legal Issues Revisited, including overview of current status of Ins. Code Sec. 2051.5(c) </li></ul>
  4. 4. Additional Support Resources from United Policyholders to Help You Navigate the Catastrophic Property Loss Recovery Process <ul><li>Disaster Recovery Mentor Program </li></ul><ul><li>Previous catastrophic loss survivors are available to provide emotional support and “real-life” insight about recovering from a catastrophic property loss. For more information, e-mail Karen Reimus at karen@unitedpolicyholders.org ; </li></ul><ul><li>“ Survivor to Survivor” Listserve </li></ul><ul><li>A restricted listserve for ‘07 Firestorm Survivors only. It provides a convenient means of sharing valuable information with others who are similarly situated. For more information, e-mail Karen Reimus at karen@unitedpolicyholders.org ; </li></ul><ul><li>“ Ask An Expert” On-line Forum </li></ul><ul><li>A restricted on-line forum where 2007 Firestorm Survivors can easily obtain answers to disaster recovery-related questions from experts in the field. Forum participants can direct questions to: 1) an attorney, 2) a claims handling professional, or 3) a previous catastrophic loss survivor. For more information, e-mail Emily Cabril at emily@unitedpolicyholders.org. </li></ul>
  5. 5. Videos of Roadmap to Recovery Meetings Now Available… <ul><li>Previous Rancho Bernardo Roadmap to Recovery meetings may now be viewed as videos at the United Policyholders website </li></ul><ul><li>To view previous meetings, go to www.unitedpolicyholders.org .  On the homepage, at the top left corner.  It says, &quot;'Roadmap to Recovery' </li></ul><ul><li>Watch and listen to live videos&quot;.  Click on that verbage and you will be directed to a page that lists the previous Roadmap to Recovery meetings </li></ul><ul><li>From there, simply click on the meeting date/topic that you want to view.  Download time for the videos varies depending on computer and internet connection </li></ul>
  6. 6. United Policyholders Website
  7. 7. United Policyholders Website To be updated through June 5 th by June 10th
  8. 8. Thank you to the following for making the online video viewing possible… <ul><li>Rancho Bernardo Community Presbyterian Church </li></ul><ul><ul><li>Jann Hoff </li></ul></ul><ul><ul><li>David Shalinsky </li></ul></ul><ul><ul><li>Jan Rasmussen </li></ul></ul><ul><ul><li>Fire Recovery Ministry </li></ul></ul><ul><li>TV Magic, Inc. </li></ul><ul><ul><li>Stephen Rosen (2003 Cedar Fire Survivor – Scripps Ranch) </li></ul></ul><ul><ul><li>Scott Richison </li></ul></ul><ul><li>   United Policyholders Staff </li></ul><ul><ul><li>Amy Bach, Executive Director </li></ul></ul><ul><ul><li>Stefanay Allen, Dragoon Studios </li></ul></ul><ul><li>The Fire Relief Biotech Recovery Fund of the San Diego Regional Disaster Fund </li></ul><ul><li>The California Community Foundation </li></ul>
  9. 9. Click: www.rbcpc.org  Firestorm  Road to Recovery Series - PDFs - Powerpoints RBCPC Firestorm Recovery Plan The mission is simple: To befriend Survivors of Firestorm 2007 and help restore lives and homes by ministering to physical, emotional, and spiritual needs Hard Copy R2R Presentations Available On-Line
  10. 10. Going home one step at a time Celebrating along the Road Home: Ideas and Encouragement for 2007 Fire Survivors from Cedar Fire Survivors, United Policyholders, and RBCPC NEW PAMPHLET
  11. 11. Invitation to Supper at RBCPC Fire Survivors, Supporters, UPC Mentors <ul><li>RSVP Preferred </li></ul><ul><li>June 26th, 5:30 – 7 pm </li></ul><ul><li>RSVP to 487-0811, extension 211 </li></ul><ul><ul><li>Leave request for childcare at same time </li></ul></ul>
  12. 12. Muchas Gracias Abraham Ortiz Geo Ortiz Jose Reyes
  13. 13. First American Fund Control Construction Disbursements, Jobsite Inspections Sherree Jolly
  14. 14. First American Fund Control F ast A ccurate F lexible C ost Effective
  15. 15. Who We Are… <ul><li>Independent Third Party Joint-Control Escrow Company, regulated by California Department of Corporations in business since 1981 </li></ul><ul><li>Projects include residential, commercial/industrial, </li></ul><ul><li>and land development </li></ul><ul><li>Acquired by FAPRS in April, 2007 (formerly California Fund Control) </li></ul><ul><li>Handled Fund Control for many 2003 and 2007 fire restoration San Diego fire survivors </li></ul>
  16. 16. Fund Control <ul><li>FAFC’s system records job disbursements by cost category on a current basis </li></ul><ul><li>1) 7 Payments made by FAFC to contractor utilizing a voucher system </li></ul><ul><li>or (Alternative System) </li></ul><ul><li>2) Payments made by FAFC from construction trust accounts directly to subcontractors, suppliers and developers utilizing a voucher system </li></ul>
  17. 17. Jobsite Inspections <ul><li>FAFC provides inspection services for all phases of construction </li></ul><ul><li>Percent of completion of all phases </li></ul><ul><li>Each cost breakdown line item is scored on a draw system </li></ul><ul><li>Written narrative and color digital photographs </li></ul><ul><li>1) 7 Regularly scheduled inspections </li></ul><ul><li>or (Alternative system): </li></ul><ul><li>2) Periodic inspections based on </li></ul><ul><li>Draw Request or predetermined </li></ul>
  18. 18. Sample Inspection Schedule – 7 Draws <ul><li>1 . Rough grading complete </li></ul><ul><li>2. Foundation complete </li></ul><ul><li>3. Rough framing completed </li></ul><ul><li>4. Roofing, rough plumbing, electrical, heating, air conditioning & framing complete </li></ul><ul><li>5. Interior drywall & exterior lath complete </li></ul><ul><li>6. Doors hung; cabinets, interior counter tops installed </li></ul><ul><li>7. Final Inspection: Electrical, plumbing, & hard surface flooring complete; hardscape, landscape, & final cleaning complete; Notice of Completion filed </li></ul>
  19. 19. Fee Schedule <ul><li>1) 7 draws and 7 inspections $1,500 Total </li></ul><ul><li>Checks to General Contractor </li></ul><ul><li>2) Alternative Fund Control/Inspection System: </li></ul><ul><li>Checks to subcontractors $1,750 set-up fee </li></ul><ul><li> and suppliers + $1.75/thousand </li></ul><ul><li>Inspections $150 each </li></ul><ul><li>Example: for $500,000 project: </li></ul><ul><li>Fund Control……………. $2,625 </li></ul><ul><li>7 Inspections@ $150…... $1,050 </li></ul><ul><li>Total Fees………………... $3,675 </li></ul>
  20. 20. How to Set Up a New Job <ul><li>A new job is easy to set up. Items needed: </li></ul><ul><li>1. “New Job Set-Up” Form </li></ul><ul><ul><li>You can either use the “New Job Set-Up” form in your packet, or download the same form at </li></ul></ul><ul><li>www.firstamfund.com </li></ul><ul><li>2. Cost Breakdown </li></ul><ul><li>Email: [email_address] or fax: </li></ul><ul><li>(866) 536-0177 </li></ul><ul><li>Questions: Contact Greg Brent </li></ul><ul><li>(866) 536-0178 x1598 </li></ul>
  21. 21. Welcome to Charles Camp
  22. 22. Serving You Since 1 9 1 3
  23. 23. ready to assist you with your next project. Offering Builders Fund Control and Financial Services…
  24. 24. if it’s lumber, hardware, trusses, plumbing, or kitchen design. We Can Estimate Your Project Costs…
  25. 25. a dedicated inside and outside sales staff. Offering You…
  26. 26. we build cut packs and job lot packaging. For Your Convenience…
  27. 27. Lumber & Panel Products & Services Custom Milling • Cut Packs
  28. 29. Delivered with Lumber Package Builders Hardware Products & Services
  29. 30. Showrooms • Installed Solutions Windows Products & Services
  30. 31. Doors & Trim Showrooms • Installed Solutions Products & Services
  31. 32. Showrooms • Installed Solutions • CKD Kitchen & Bath Products & Services
  32. 34. Composite • Redwood • Hardwood Deck & Patio Products & Services
  33. 35. Serving You Since 1 9 1 3
  34. 36. <ul><li>We would like to extend the following services at no charge to you and your </li></ul><ul><li>general contractor. </li></ul><ul><li>Lumber Take-off </li></ul><ul><li>Builder hardware Take – off </li></ul><ul><li>Truss Take – off </li></ul><ul><li>Door and Window Take – off </li></ul><ul><li>In-Home Pre-measure: Kitchen and Bath </li></ul><ul><li>Design Services : Kitchen and Bath </li></ul><ul><li>a. Custom Cabinetry Take-off </li></ul><ul><li>b. Countertop Take-off </li></ul><ul><li>c. Designer Plumbing Fixtures Take-off </li></ul><ul><li>d. Designer Door Hardware Take-off </li></ul><ul><li>7. For your immediate needs, Dixieline ProBuild is offering 15% off fire clean-up related items at all locations. </li></ul><ul><li>8. When you visit a Dixieline ProBuild, ask about our courtesy card and save 10% on thousands of items throughout our store during your project. </li></ul>
  35. 37. Fire Survivor Package Incentives: If you buy your lumber from us in excess of 20,000 board feet, and then you buy your millworks through us in excess of $2,500.00, you are rewarded with a Dixieline Gift Card valued from $750.00 to $1,500.00.
  36. 38. If you then purchase your cabinetry from us in excess of $2,500.00 (and you have already purchased your lumber and millworks from us) you are rewarded with another Dixieline Gift Card valued from $750.00 to $1,500.00.
  37. 39. Pros and Cons of Being Your Own Contractor… One Cedar Fire Survivor’s Experience Ellen DeVincenzo Scripps Ranch
  38. 40. What is a General Contractor? <ul><li>You may be asking yourself, </li></ul><ul><li> “What does a general contractor do?”                              </li></ul><ul><ul><li>oversees all the project details </li></ul></ul><ul><ul><li>hires and schedules subcontractors </li></ul></ul><ul><ul><li>inspects the subcontractors’ work </li></ul></ul><ul><ul><li>orders supplies and oversees their installation </li></ul></ul><ul><ul><li>helps resolve design or logistical issues </li></ul></ul>
  39. 41. Do you have it takes to be your own general contractor?  Consider the following: <ul><li>Can you make yourself available during the day while the work is being done? </li></ul><ul><li>Are you comfortable supervising others? </li></ul><ul><li>Do you have strong problem-solving skills? </li></ul><ul><li>Are you able to juggle multiple tasks? </li></ul><ul><li>Are you willing to educate yourself about the particulars of your building project ? </li></ul>
  40. 42. Advantages <ul><li>You control the project completely. </li></ul><ul><li>You decide what materials to put into the home and you and hire and manage the subcontractors. </li></ul><ul><li>You can pick the very best and create a quality home that you know is built correctly </li></ul><ul><li>You can do all of this in your spare time while working a full time job. </li></ul>
  41. 43. Bottom Line <ul><li>In addition to saving money, being your own contractor gives you the flexibility to: </li></ul><ul><li>fine-tune your own designs </li></ul><ul><li>choose your own unique building materials </li></ul><ul><li>monitor the quality of workmanship </li></ul><ul><li>The biggest advantage is having complete control over the project. </li></ul>
  42. 44. Disadvantages <ul><li>You may not save any money on materials. </li></ul><ul><li>The professional GC buys at a discount, and then tacks on his overhead and profit margins, so the cost to you is the same as if you buy those materials retail. </li></ul><ul><li>But if you buy the stuff, you have to go get it and haul it back. The tradesman won’t warranty the installation of any materials you purchase for him, and how large is your vehicle? </li></ul>
  43. 45. <ul><li>You may have a hard time getting the subs to come when you call because you are a one-job wonder. </li></ul><ul><li>If they’re good, they are working pretty regularly for professional general contractors where they can build a relationship and count on future work. </li></ul>Disadvantages (con’t)
  44. 46. <ul><li>The risk of miscommunications of your requirements is pretty high because you’ve never run a job, and you’ve never worked with these particular subs before either. So you can plan on having to correct mistakes along the way, and on arguing over who should pay for that too. </li></ul><ul><li>You may not know how to coordinate the work on the site , so there’s a good chance that the subs will have to spend extra time coming and going. They’ll bump up their initial cost estimates, or insist on working on a &quot;time and materials&quot; basis, to cover these additional risks, and may cost you more than hiring a good general contractor would. </li></ul><ul><li>Insurance for your subs Your lender may or may not require this type of insurance, but as a self-contractor, the permit purchaser and the property owner, YOU are responsible for any third party injuries that may occur on your property.  Without the proper general liability protection, YOU will be held liable if anyone gets injured on the project, including children injured while playing on the job site </li></ul>Disadvantages (con’t)
  45. 47. Questions to Ask Yourself <ul><ul><li>Does your time have value to you? </li></ul></ul><ul><ul><li>How many weekends are you willing to work before you’ll start taking breaks? </li></ul></ul><ul><ul><li>What happens to the rest of your life while you’re spending every weekend working on your house? </li></ul></ul><ul><ul><li>Time Constraints:  </li></ul></ul><ul><ul><li>Be prepared to spend at least 35 hours per week for probably 5-6 months.  This is calculated for an average 1,500 sq. ft. home.  If the home is larger, figure accordingly.  Does your present employment allow enough flexibility to spend this amount of time away from your job? </li></ul></ul>
  46. 48. Final Thoughts <ul><li>It can be done, but it’s not easy. </li></ul><ul><li>Be prepared to spend countless hours on the project </li></ul><ul><li>Have a “mentor” that can help you with the more technical details. </li></ul><ul><li>Is it worth it? </li></ul>
  47. 49. <ul><li>Break Out Sessions </li></ul><ul><ul><li>State Farm : Dormer West </li></ul></ul><ul><ul><li>Farmers : Skylight West </li></ul></ul><ul><ul><li>Allstate : Upper Courtside East </li></ul></ul><ul><ul><li>USAA: Small room off lobby </li></ul></ul>
  48. 50. Mark your calendar for upcoming Roadmap to Recovery meetings… <ul><li>Thursday, June 26, 2008:  </li></ul><ul><li>Post-Disaster Legal Issues Revisited, including overview of current status of Ins. Code Sec. 2051.5(c) </li></ul><ul><li>Supper at 5:30 – 7 pm </li></ul><ul><li>RSVP to 487-0811, extension 211 </li></ul><ul><ul><li>Leave request for childcare at same time </li></ul></ul>

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