A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
There is no "perfect" vendor. You can increase the odds of having a great vendor by doing your homework. Interview the people you'll be doing business with, find out who else has used this vendor and ask them if they are satisfied, and finally, have and read the contract and make sure the contract is specific enough so you are getting what you want and that there is an acceptable escape clause if things don't work out.
way you have to wait for a 3rd party vendor when you are refiniening your home
Vendor finance is a form of lending in which a company lends a money to be used by the borrower to buy the vendor's product or property. Vendor finance is usually in the form of deffered loans from, or shares subscribed by, the vendor.
A vendor or sales person most likely reports to a sale manager or marketing department. If the company is very small then the vendor may be a partial owner of the company or report directly to the owner of the company.
A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
It depends. If, for example, extensive damage occurs because of a covered natural disaster -- an earthquake -- and the board and the insurance company agree that the insurance company's vendor will complete the repair work inside units on assets covered by the master policy, then the insurance company's vendor may complete the work. If, however, you prefer a different vendor, it's possible that you could negotiate with the board and pay the difference between what the insurance company's vendor would charge and what your vendor would charge to repair assets inside your unit that you want your own vendor to repair.
Evon allowed the vendor to start working before completing the 2237 process
Yes.
Socio-Economic TAB
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There is no "perfect" vendor. You can increase the odds of having a great vendor by doing your homework. Interview the people you'll be doing business with, find out who else has used this vendor and ask them if they are satisfied, and finally, have and read the contract and make sure the contract is specific enough so you are getting what you want and that there is an acceptable escape clause if things don't work out.
sub-vendor
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Typically, association board meetings are business meetings called to conduct the business of the association in full view of member-owners. In this sense, it is not a public meeting where anyone can simply attend with no basis. An officer or director could approach the vendor and query as to the vendor's motivation for attending. If the vendor has 'business' with the association's board -- short of an unsolicited proposal for services which would be entirely inappropriate -- then the director can work with the vendor to help the vendor conduct the appropriate business at hand. If the business at hand can be conducted more appropriately in a different venue, then the director and vendor can work out a separate meeting. If the vendor believes that s/he is being treated unfairly or unreasonably by the board, the vendor can announce this alleged unfairness to the board and request that the board address the issue. These actions are better suited for written communication to the board, and can include the vendor's announcement to all owners. If the board chooses not to address the vendor's issue, then best practices dictate that the board announce the issue together with its decision on how it will be handled, and then vote on an appropriate motion.