Three Lock Box

Paperless and transparent construction disbursements

Noah Allison founded Three Lock Box after deciding “there must be a better way.” Three Lock Box is collaborative, secure, simple, fast, transparent and compliant.

Collaborative

UNIFIED PLATFORM – 85% of companies say they spend a significant portion of their day chasing payments.

  • No more chasing payments.  All project parties participate by enrolling in the easy-to-use system.
  • Parties manage pay application submissions through the simple unified platform.
  • Promptly pays each party directly upon approval by the business owner and lender.  Payments earmarked for each party are guaranteed to reach the intended party without delay.
  • Project may be incrementally funded.  Please inquire.

Simple

General contractors report spending 21 hours per month managing payments to subs.

  • Manage a Project from work, home or on the go.
  • Provides unlimited 24/7 use of the Three Lock Box online construction control system
  • Owners may disburse monthly, weekly, daily. Single pays are also available.
  • The platform is simple to use.  Users enjoy support and education.

Fast

72% of subcontractors would offer a discount in exchange for payments within 30 days.

  • No more slow pay times. Three Lock Box promptly pays each party directly upon approval by the business owner and lender
  • Payment applications can be rejected with an option to correct and resubmit without missing a deadline.

Transparent

70% of contractors claim to have experienced at least one instance of construction fraud.

  • No more silos or secrets.  Property owner and lender can view ALL project funding activity.  General Contractors can see all Subcontractor project funding activity.  
  • Owners and lenders enjoy real time, top-down project transparency.
  • Lower tiers may be selectively rolled up in a pay application
  • Participants can invite other stakeholders to view (but not control) their lock box.
  • Can help automate and generate required reports for the project.  Please inquire.

Built for Protection

Mechanics liens have increased by 40% since the start of the COVID pandemic.

  • Laws and Processes Followed – full compliance with Nevada Revised Statutes Chapter 627
  • Lien releases are automatically electronically signed, date stamped, and archived upon payment.
  • Project documents and transaction history are archived and available for viewing long after the project is complete.
  • Compliant with Patriot Act requirements.