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MEMO #1021: Property Preservation Receipts - 12/10/02

This memo is to clarify specific points about receipt requirements for various preservation activities under current investor/insurer guidelines.

Extermination:
All exterminations must be performed by an exterminator licensed to conduct business in the area where the subject property is located, and you must provide proof of license in the form of a receipt from the licensed exterminator. The exterminator's receipt must be submitted along with your update, photo, and invoice, so that the work order can be properly updated to our clients.

Dump Receipts:
Contractors are required to submit a dump receipt any time debris or health hazards are removed from the property, even if the debris or hazards are removed per bid. The dump receipt must include the date of dumping, the property address from which the debris was removed, the number of cubic yards dumped, a description of the debris dumped, and the means of disposal. When debris is dumped at a dump facility or picked up by a disposal company, you must provide the name, address, and phone number of the facility or company.

Dump receipt information must be sent with the contractor's update, invoice, and photos for processing.

Storage Receipts:
You must provide a separate bid for storage/disposal fees when bidding over the allowable removal cost.

We do not need a receipt if a contractor is bidding to remove and store items for the regional allowable. However, if you bid to remove the items within the allowable and then bid separately to store the items, you must provide a receipt for storage fees. If a storage facility is used, you must obtain a receipt from the facility.

If you store items on-site, you must send Safeguard a receipt on your letterhead. The receipt must be sent to Safeguard with your invoice to be processed timely. All storage receipts should have the name, address, and phone number of the storage facility.

If a receipt is not provided to support storage/disposal fees, the storage fees cannot be paid.

If you have any questions regarding required receipts, please contact your Regional Coordinator.

As another year comes to an end, and the holiday season sets in, I want to wish you and yours a safe and happy holiday.

Robert


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