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Chicago: 847-816-0050 |
New Berlin: 262-782-3311
Madison: 608-838-7181 |
Appleton: 920-836-3344

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What People Are Saying

"Given a project this size and the amount phasing/parking relocations required to complete the entire garage, we could have had many complaints or problems with our tenant employees. Because USA Fire provided such good communication and were so accommodating to our requests, we had virtually a complaint free project. Thank You!"
United States Fire Protection, Sprinklers - Automatic - Fire, Lake Forest, IL

Contractor Score gives USAFP top marks for its finances

Contractor Score gives USAFP top marks for its finances
December 16, 2011 - Having a contractor or subcontractor go belly-up during construction is one of the biggest disruptions a project can face. To avoid that nightmare scenario, a growing number of project owners and general contractors are raising the bar on financial qualifications for their bidders.

Fiscal stability is a top priority for United States Alliance Fire Protection (USAFP), which maintains healthy cash balances and manages its money conservatively. As a result, the company has earned the highest possible ranking from Contractor Score, an organization that's rapidly becoming the gold standard for measuring contractors' fiscal health. Contractor Score also provides management consulting and investment banking services to the construction industry.

"We're running into more customers who are requiring a ranking from Contractor Score to qualify their bidders," said Mike Peterson, vice president of marketing/sales at USAFP. "These rankings are based on objective information, so they're very highly regarded in the industry."

Lack of liquidity or incompetent managers are two main reasons for contractor defaults, according to Contractor Score. The score focuses on objective metrics that give a good sense of the contractor's performance in these areas. Contractor Score ranks contractors based on empirical, verified information that comes mainly from outside sources, including:

  • The contractor's most recent audited or reviewed fiscal year financial statements

  • The contractor's financial statements for the most recent fiscal quarter, which the contractor may generate internally

  • Corresponding backlog information and work-in-process statements for the fiscal year and quarter reviewed

  • Bank statements for the contractor's lines of credit

  • Management head count and wage information from the contractor's quarterly Internal Revenue Service Form 941

Contractor Score will rate any contractor who asks for a ranking and provides the necessary documentation. USAFP has requested a score multiple times since the ranking system launched several years ago, and Contractor Score's verdict is always the same: perfect. In September, USAFP once again received a score of 2500, the maximum number of points awarded.

"We work hard to maintain conservative fiscal policies and proactive cash management," Peterson said. "This score should remind customers that USAFP is a safe bet for contractors."

For more information about USAFP, contact Mike Peterson at (847) 247-4755 ext. 120 or mike.peterson@usafp.us.

Contact us today for more information about United States Alliance Fire Protection, Inc.

Life Safety in Chicago High Rise Structures; Where We Stand

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November 05, 2014 -

After the showdown in the summer of 2013 between the Illinois State Fire Marshal and certain elected representatives over the code adoption process in Illinois, many thought the… » more

USAFP Supports Burn Survivors Through Illinois & Wisconsin Golf Outings

USAFP Supports Burn Survivors Through Illinois & Wisconsin Golf Outings

September 03, 2014 -

This summer members of United States Alliance Fire Protection (USAFP) participated in the Illinois Burn Prevention Golf Invitational on June 3 at Willow Crest Golf Club at the Oak… » more

Angie's List Recognizes USAFP

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United States Alliance Fire Protection (USAFP), a long-standing and highly rated member of Angie's List, was featured in an article on the Angie's List website. The subject of the… » more