Thursday, June 9, 2011

Willowside Project, Day 68

Muchtar Salzmann, the property ower, called yesterday and said that SCEIP has given up the go ahead to proceed, meaning his property assessed financing has gone through.  Fantastic.  The second half of the decision on when to start depends on the EUC (Energy Upgrade California) approval.  They have an approval process because they will send Muchtar a check for, tentatively, $3,500 after the job is completed.  That's a large incentive and represents more than 10% of the total cost of the job and we can't start until we get their approval also.

The problem now: I'm down to the wire on my ability to get everything done by June 23rd, the last date to get the final SCEIP paperwork in to get disbursement on July 1.  I'm giving the EUC until tomorrow morning for their approval or I'm going to have to postpone this job for another month.  Arghh.  It's already been 2 months in the pipeline and 26 of my man-hours so postponing for a month puts a dent in my cash flow.  I'll let you know tomorrow.

No comments:

Post a Comment