-We thank our partners for their continued trust and commitment-
-We thank our partners for their continued trust and commitment-
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LIWD is a holistic, simple, metrics-based approach (LIWD scorecard) for evaluating a training and hiring program’s impact on a community. The more points earned, the more socially impactful and sustainable the program is. Depending on the number of points gained, the project can then earn certification on one of the following levels: Platinum -- 80+ points, Gold -- 70-79 points, Silver – 60-69 points, and Certified -- 50-59 points.
LIWD will create an Advisory Committee of leading experts in construction, job training and economics to define the options in the scorecard, to agree on the tax incentives that will be offered to firms for each level, and to oversee the entire process of project scoring.
Firms choose the ratings options that best suit their project. After the LIWD team completes the review process, the project is awarded a certification level based on the number of points earned.
To assure sustainability, we have constructed 6 sets of evaluation criteria. These criteria drive the more detailed 'Scorecards'. We use LIWD scorecards that rank new projects 'greenfield' and existing O&M projects 'brownfield'. Each of these credit categories will contain a series of goals to earn points. The project earns points when it properly fulfills the requirements of each goal.
Developers choose the rating goals that best suits their project. After the IFP team completes the review process, the project is awarded a certification level based on the number of points earned.
LIWD is accredited for construction projects. Independent agents inspect an infrastructure social program to assure that:
In order for an infrastructure project to earn a LIWD certification label, the following steps have to happen:
LIWD inspections can occur during the new construction phase (Green Field) or an enhancement (Brown Field) of a construction project, or at the operations and maintenance plan of a development
An independent company will provide an assessment of certification scoring. IFP, who created LIWD, will build a network of education partners that they've entrusted with preparing candidates for LIWD Raters examinations. IFP will also create the materials for LIWD Rater training to ensure every rater has the same skillset and values.
Firms wishing to accredit the construction development will undergo two levels of LIWD inspection before the project gets certified: One inspection done by a Commissioning Agent, and one inspection done by IFP.
The Raters provide in-the-field rating and verification services on LIWD certified projects. Raters are responsible for verifying that the hiring/training program was designed, built, operated, maintained, to the rigorous requirements of the LIWD Rating System. IFP provides all necessary training.
IFP manages the LIWD certification process. IFP is the authority on determining if a development satisfies the intent of the LIWD Rating System. The LIWD certification label is ultimately awarded by the IFP.
•Trade shortages most in demand by A/E companies and general contractors include carpentry, millwork, and electrical, although severe shortages cut across all trades.
•The average trade job doesn’t require much formal education, high-school diploma, or GED, suffices.
• The jobs generated enable new workers to enter the middle class. Average electrician’s annual salary is $51,808 pa, a journeyman plumber’s is $60,843pa.
•Trade certificates may be obtained in months. Construction is a long-lead work cycle, trade services applied at backend of the project, allows contractors ample time.
•Additionally, IFP coordinates businesses with local trade schools and community institutions, offering free education and material
•Our ultimate objective, this is a movement that will radically lower the rate of homelessness.
A team of tax professionals is at the disposal to all owners faced with questions regarding tax credits and the proper treatment of the associated LIWD certification fee and professional service costs --for example, how to construct the framework in which to require the capitalization of costs for certain intangible assets.
Although most projects would seek LIWD certification at the construction phase, there are no promulgated requirements from IFP regarding when the certification process must begin or end. In other words, there is no mandate to correlate the certification elements with the production activity. For example, through ongoing infrastructure operations and maintenance, the certification process can begin and end years after the building or project is placed into service.
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