Emerald Management & Consulting can guide you through the construction project and insurance claim process. Our project administration team acts as the liaison between the Board of Directors, project manager, contractors and homeowners so that all parties have one central person to disseminate information.
Our Project Administration focuses on three main areas:
Insurance Claim Administration
By capitalizing on our relationships with insurance and construction professionals, we are able to streamline the insurance claim process. Our service has proven to bring insurance claims to closure in an expedient manner, saving the Association and the homeowner valuable time and money.
Our vast experience in working through construction projects has taught us to prepare an association for all phases of the project. We assist the board in reviewing the governing documents for any necessary changes, articulate to the owners the scope of the needed repairs, and serve as a liaison throughout the process.
Special Assessment, Supplemental Budget and Loan Administration
Our accounting team is well versed in the intricacies of supplemental funding for community associations. We assist clients in determining whether a one-time special assessment or a supplemental budget over a specified period of time is a better choice for your association. If an association loan is needed, we guide the association through the process of choosing a lender, preparing the loan application, preparing documentation for loan draws throughout the repair project, closing of the loan at the end of the “draw” period, and paying down and re-amortizing the loan per the loan documents.