The FK Construction Funding Payment Assurance Program for General Contractors was specifically designed to help mitigate the risk of delays, work stoppages, lawsuits and mechanics liens resulting from underfunded subcontractors, unpaid suppliers and workers.
Whether you are a well-established larger general contractor or a smaller contractor you will benefit from our Payment Assurance Program. Contractors are uniquely situated to use our program to achieve a variety of results.
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).
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).
Our Services Include
- Paying subs, suppliers & vendors
- Paying 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 changes, defaults and IRS 940’s.