Understanding the Contractor Accelerated Payment Program( CAPP)
The Contractor Accelerated Payment Program( CAPP) managed by Merriwether & Williams in cooperation with and on behalf of the City of San Francisco, is a contract-based loan program for Local Business Enterprises( LBEs). The program is organized around the principal of“ Capacity Building” for small construction contractors to address whatever is needed to bring their firm to the next level of operational, financial, or organizational maturity so that they may more effectively advance their mission, vision, and core values into the future. The CAPP in conjunction with the Contractor Development Program( CDP) is not a one-time effort to improve an LBEs short term cash flow and effectiveness in completing a construction contract, but rather a continuous improvement strategy toward a sustainable and effective company.
LBEs enrolled in the CDP / CAPP are assessed for their initial capacity in the following areas:
1. Background and organizational strength
2. Understanding of contract terms, conditions and scope
3. Financial reporting and knowledge thereof 4. Project estimating and scheduling 5. Ability to project cash flow
LBEs are then assessed for their ability to:
1. Prepare contract payment applications 2. Maintain daily Field Activity Reports 3. Keep Job Cost Reports
4. Prepare and document Change Orders when needed.
Once the LBE can demonstrate sufficient preparedness in all areas of business acumen listed above, they are prequalified for participation in the CAPP. All of this can take place in a matter of weeks, not months.
CDP / CAPP End Game: Positive Economic Impact
Documented( tracked) achievement of the following is fundamental to the CDP / CAPP:
1. Attainment of public policy and / or goals for outreach and inclusion
2. Capacity building and workforce development, as documented by # 3 and # 4
3. Full-time employment in targeted new market economic development zones
4. Surrounding community economic impact
John Miller, Project Manager, Contractor Accelerated Payment Program( CAPP)
For more information about the Contractor Accelerated Payment Program( CAPP), please contact the San Francisco Contractor Development Program( CDP) at cdp @ imwis. com or 415.986.3999
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