How It
Works >Getting Started
- Is the Process Difficult?
CR Solutions can make the process quite simple. We offer as
many services as our clients need. Our participation simply
depends upon our clients’ experience with Wrap-ups.
Rest assured, we can provide any necessary assistance to a
project sponsor and answer any questions along the way.
Feasibility Study
• We will analyze the project budget, expected duration
of construction, method for engaging subcontracts, lending
requirements, etc. and compare this information to current
market conditions in order to approximate the financial feasibility
of instituting a wrap-up
• We will also review other risk management considerations
that may effect the appropriateness of the utilization of
a wrap-up
Marketing Submission
• We can provide templates and/or suggested language
to include in a submission to the markets
• We will also provide the payroll/trade breakdown with
information collected from CR Insight
Quote Analysis
• After the quotes are received from the proposing carriers
they need to be reviewed to determine which program best fits
the needs of the client
Binding the Program
• Once the appropriate program is chosen the sponsor
gives the broker, who in turn gives the carrier, the order
to BIND……and the program is now in place.
Now the Wrap-Up Administration begins…
To learn more about the details of project administration
once the wrap up is in place, skip ahead to the Implementation
step in our Services section.
