Funds Control Services
CCDS provides funds administration services for sureties, contractors, lenders, banks and developers in the construction industry. As an objective third party administrator with construction expertise, we provide financial controls and risk management tools to our clients to help assure funds for each specific project are dedicated to that project.
CCDS’s construction experience allows it to predict what suppliers and subcontractors are required to perform the contract so all entities involved in the contract are accounted for.
- Funds control for underwriting requirements
- Funds control as a result of claims activity
- Assurance that subcontractors and suppliers are paid
- Processing of lien waivers and claims release agreements
- Fast turnaround of disbursements
- Real time accountings
- Positive interaction with the contractor