LMCP_Hall Association

Capital Budget

Based on the needs identified in the plan, a capital budget should be created. Seek multiple opinions and quotes on any major items, using the same scope of work. Three competitive bids is a good practice. Use the timeline to spread the expenses over the plan period.

Professional Contractors

Limit the hall association’s risk and liability by making sure all work is done by capable professionals (preferably licensed contractors rather than employees) who have the right insurance. Review Chapter 4 for hiring standards. Inform contractors upfront that potential contracts are contingent on lodge and Grand Lodge approval.

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