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Three Lock Box

Paperless and transparent construction disbursements

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Services

Included Services

  • 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.

Optional Services

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.

Excluded Services

  • Dispute resolution
  • Liens
  • Stop work notifications
  • Legal advice

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What is Construction Control?

Construction control, also referred to as voucher control or funds control, takes the risk out of construction projects by ensuring that project payments are made on a timely basis and that all required lien releases are executed and collected.  Three Lock Box takes project disbursements to the next level with its high-tech, easy-to-use platform, making it Nevada’s most innovative construction service.

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Resources

  • State of Nevada Department of Business & Industry Division of Mortgage Lending
  • Nevada Revised Statutes Chapter 627 Construction Controls
  • Nevada Revised Statutes Chapter 108 Mechanic’s and Materialmen’s Liens
  • Nevada State Contractors Board

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Disclaimer

Three Lock Box, LLC president, Noah G. Allison, and Michelle L. Allison, CFO, are also practicing attorneys with The Allison Law Firm Chtd.  The Three Lock Box Platform and Service are for construction control and escrow services and do not constitute legal advice.  Unless you or your company has engaged The Allison Law Firm Chtd. by executing a Fee Agreement, Mr. Allison and the Allison Law Firm Chtd. are expressly prohibited by attorney ethical rules from providing legal representation to any Registered User, Registered Viewer, or Visitor.

Contact Us

2260 Corporate Circle Suite 490, Henderson, Nevada 89074
(702) 990-0119
info@threelockbox.com

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