How It Works
OWNERS, ARCHITECTS & ENGINEERS – are uniquely situated to require funds control as part of the bid process to mitigate risk. This all comes at NO COST* to them. By making our service part of the bid requirement one can ensure that the owner is protected and just as importantly that your reputation is protected. Likewise, General Contractors can (and should) utilize our services for the following reasons;
LARGER CONTRACTORS – our program is a bonding alternative that will let you use the team of subs you want, regardless of their creditworthiness or ability secure a bond. Your subs and their suppliers & vendors will all be paid promptly (usually within 1-2 business days of receiving an approved pay application).
SMALLER CONTRACTORS – our program will help you win larger projects and more importantly allow you to complete larger projects in a timely fashion. Likewise, it will allow you to pay all your subs, suppliers and vendors promptly (usually within 1-2 days of receiving an approved pay application).
SUBCONTRACTORS – often the smallest players on commercial construction projects they are expected to take on the lion share of the financial risk. We eliminate the financial barriers that prevent most subcontractors from taking on more work and growing their business.
SUPPLIERS & VENDORS – program was specifically designed to mitigate the risk associated with extending credit to contractors and sub-contractors on commercial construction projects. Our supply side partner program solution is uniquely designed to ensure that all suppliers and vendors are paid within days of the billing period rather then in months as is customary.
OUR SERVICES INCLUDE – paying subs, suppliers, vendors, union dues & insurance premiums • collecting lien waivers • providing funds for payroll • collecting required documents w/ each pay app • monitoring subs for liens, judgments, bankruptcies, corporate status, UCC filings, name change, defaults and IRS 940’s.