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New construction and development projects involve a large amount of funds and need to run on a tight operation schedule. Timely payments are key to keeping you focused on the job so that you can efficiently complete the project. By escrowing the funds for the project in advance, you can keep them secure throughout the project and ensure that you get paid in a timely manner as you reach each milestone.
Investors and homeowners can find themselves unexpectedly tapped out while setting up large-scale construction projects. But you, your crew, and your subcontractors need to get paid throughout the process for materials and labor.
Build Safe Escrow sets up a payment draw schedule in an Escrow Agreement before construction begins and then pay out in draws as per the terms of that agreement. This lets you focus on the many tasks at hand without worrying where the project funds will come from and whether they will be delivered on time.
We set up an Escrow Agreement with terms agreeable to all parties involved. 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, or as needed for labor and materials, as agreed on in the Escrow Agreement.
Receive payment on time and in full for every completed milestone.
Escrow is the solid financial foundation that builds trust between you and your clients, and ensures that you get paid on time. Contact us now to protect your construction project!
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.
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.
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.
