With construction escrow and draw services provided by Build Safe Escrow, you can focus on your work knowing that the funds for your project are secure and will be paid out in a timely manner as you reach each milestone.
Our team is here to assist you with any questions or concerns. Reach out to us for expert support and guidance.
During a construction project, unexpected financial problems can arise for homeowners and investors, leading to delays and payment issues. As a contractor, you need to know that the funds for your project are set aside and protected.
Without your client’s funds being held securely in escrow, you might not be first on the list to get paid, which can delay payments for weeks, or months, leaving you and your crew unpaid for the work you’ve done. You don’t want to have subcontractors and workers blaming you for project delays.
We started Build Safe Escrow to eliminate this uncertainty. With our construction escrow services, your payment is guaranteed to be paid out in draws, as per the terms of the Escrow Agreement that we will provide for you. Funds are securely held until you complete each agreed-upon milestone, so you can focus on the job without worrying about whether you’ll get paid, no matter what happens on your client’s end.
We set up an Escrow Agreement with terms agreeable to all parties involved in the construction project. We then confirm that the project funds are secured and ready to be paid to you.
Funds are held in escrow and released as you reach each project milestone.
Receive payment on time and in full for every completed milestone.
Protect your business and ensure a smooth project by setting up your escrow account today. Contact us now to get started!
Reach out with any questions or for more information about our escrow services. We’ll respond promptly.
Get answers to your most pressing questions about our escrow services tailored for contractors. Discover how our solutions can streamline your construction projects and protect your payments.
Escrow is a financial arrangement where a neutral third party holds funds until specific conditions are met. For contractors, escrow ensures that payments for construction projects are securely held and only released when both parties fulfill their contractual obligations. This protects both the contractor and the client from potential disputes and delays.
To set up an escrow account, contact us to discuss your project details. We'll send you an Escrow Agreement and establish the escrow account accordingly. Our team will guide you through the process, ensuring that all conditions are clearly defined and agreed upon.
In the event of a dispute, the escrow account ensures that funds are held securely until the issue is resolved. The Escrow Agreement will set up a dispute resolution process that will seek to avoid litigation. Our goal is to ensure fair and transparent handling of the situation.
Using escrow services adds a layer of security and trust to your transactions. It ensures that funds are available and protected until the work is completed to the agreed standards. This reduces the risk of non-payment and helps maintain smooth project operations.
Yes, there are fees for using escrow services. These fees cover the management of the escrow account and the handling of transactions. We provide a transparent fee structure, and we’ll discuss the costs with you before setting up the account.
