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Three Lock Box

Paperless and transparent construction disbursements

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Ben Laifsky / June 26, 2022

HOW DO I APPLY FOR PAYMENT?

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HOW DO I APPLY FOR PAYMENT?

Log into the Three Lock Box system and select your project. When you reach your project status page, click the “Apply” tab. When you reach the Apply screen, click “New Pay App” and take the following actions: You must input the amount of payment you are requesting. The amount is limited by the funds available in your lock box. You must attach a .PDF of your payment application/invoice and other required substantiation for your higher-tier to review. You may write a note to your higher-tier. All pending applications from your lower-tiers will be rolled into your application unless you exclude them by unchecking the box next to the lower-tier’s application. The “Total Requested Amount” in Step 1 should equal your net payment request in the application/invoice (e.g. Line 8 of AIA G702) that you attach in Step 2. You must check the box authorizing Three Lock Box to generate an appropriate waiver and release of lien on your behalf.

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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.

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

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