Most construction contract defaults are payment related, not performance related.
Funds control and disbursement is a very important component. It is the component that is the most important to those government agencies that allow a bond alternative. Funds administration and disbursement, when done properly, ensures that loan proceeds are actually going into the project intended. This is a proactive, reliable and affordable risk management solution which benefits lenders, owners, developers, and contractors alike. This video reviews monitoring funds control and disbursement.
Runtime: 11 minutes
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