Our Surety Escrow service combines our Subcontractor Prequalification with Project Funds Control for contractors that cannot qualify for traditional bonding, or are bidding on a project outside of their capacity limits. This service combines detailed project cost analysis, contractor mentorship, project monitoring and project funds control to create a comprehensive project risk management service.
Surety Bond Associates’ Surety Escrow proactively manages the very risks that performance and payment bonds are used to resolve after a problem has escalated to the point of default. The Surety Escrow Program ensures that the contractor moves the project along in a timely fashion, problems are dealt with in a reasonable and timely manner and subcontractors are properly paid. There is no need to wait for the project to fail and hope the bonding company doesn’t assert a legitimate defense to a bond claim.
Contact us today to learn more about our Surety Escrow services.