- Nevada Escrow License Number 3928.
- Account personally monitored by licensed construction control escrow agents with extensive experience in construction matters.
- Full compliance with Nevada Revised Statutes Chapter 627.
- Escrow account is a non-interest-bearing trust account with Bank of Nevada, Western Alliance Bank. Non-interest-bearing trust account. Interest-bearing account with all interest accruing for the benefit of the customer may be established if average account balance exceeds $10 Million for the duration of the project. Interest rates are determined by Bank of Nevada.
- Fully bonded at maximum level ($250,000) required by State of Nevada.
- $1 Million Errors & Omissions policy.
- Unlimited 24/7 use of the Three Lock Box online construction control system.
- Unlimited ACH disbursements. May apply and disburse monthly, weekly, daily. Single pays also available.
- Automated conditional and unconditional lien release generation with electronic service and electronic signatures.
- Automated pre-lien notice generation with electronic service and electronic signatures. Lower-tiers may be selectively rolled up in a payment application.
- All contracts, subcontracts, change orders, drawings, and specifications may be posted to the system at no additional charge.
- As-built drawings, warranties, and O&M Manuals may be posted to the system at no additional charge.
- Unlimited subcontractor and supplier invitation and enrollment.
- Unlimited read-only invites.
- Customer training and technical support.
- 1099 IRS Reporting.
INCLUDED IN INSPECTION FEES
- Every inspection is performed by an experienced construction professional.
- Every inspection includes an in-person site walk by the construction professional.
- Every inspection is followed by an inspection report and recommendation (with photos) from the construction professional.
INCLUDED IN RECORDING FEES
- Prepare and record Notice of Non-Responsibility.
- Prepare and record Notice of Posted Security.
- Dispute resolution
- Stop work notifications
- Legal advice