got this from NFR today! - REO Property Preservation Forum
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post #1 of 3 (permalink) Old 03-29-2016, 01:15 PM Thread Starter
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got this from NFR today!

RE: Use of Licensed Third Party
Dear Preservation Independent Subcontractor,
The use of a Licensed Third Party to complete preservation work needs to be completed with the following guidelines:
 Third party must be a licensed, unrelated company (not owned by NFRís Independent Subcontractor, one of your subs, affiliates, agents,etc).
 Third party estimates and receipts must be submitted to NFR in their
original format as supplied by the 3rd party.
 An allow access fee or an Admin fee of 5% up to $500.00 may be bid by the NFR Independent Subcontractor at the time the 3
rd party estimate is submitted to NFR. Both are subject to NFRís discount.
 Itís the sole responsibility of NFRís Independent Contractor to provide documentation to justify the full scope of work has been completed including photographs and property condition reporting.
NFR is required to supply the 3
rd party bids and invoices to our clients. NFR reserves the right to audit the 3rd party invoices received to ensure compliance.
If you have any questions please contact Contractor Services Department for clarification and directive.
Your full cooperation with the above is required.
Best Regards,

Doesn`t matter to me as I do not use third party contractors! But find it interesting how they are asking you to hire a third party contractor over see the job and pay him and you only allowed to charge 5% or $500. but they can charge you 20%. Think I`ll past on hiring third party contractors and just tell them it`s out of my scoop of work.
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post #2 of 3 (permalink) Old 03-29-2016, 05:41 PM
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I bet I know what this is about!
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post #3 of 3 (permalink) Old 03-29-2016, 05:43 PM
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I charge the $500.00 to show the property to the guy so he can bid. I make more money from 3rd party bids than I do my own because they are not subject to a CE.
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