DrawAlert is making news! We were proudly featured in the Phoenix Business Journal on June 15, 2016 as part of an exclusive interview with Mike Sunnucks, Senior Reporter for the Phoenix Business Journal. Enjoy the article! Tempe duo hopes tech venture shines more light on construction projects, contractor payments Tom Pritscher and Ted Ritter hope their new…Read More
How Does DrawAlert Work?
How does DrawAlert work? Check out the short video below to learn more about DrawAlert – the only Owner/Lender Construction Funding Risk Mitigation Tool.
MITIGATING RISK ON EVERY CONSTRUCTION PROJECT – The Only Owner/Lender Solution in the Marketplace
Mitigating Risk on Every Construction Project Webinar Tuesday, March 22, 2016 2:00 PM MST-AZ We all know that transparency is important, especially when it comes to the construction process. Join the DrawAlert experts for a 45-minute interactive webinar that will focus on the current market challenges, case studies of early adopters and valuable…Read More
DrawAlert™ & ConstructionReports.com Announce Partnership
DrawAlert is proud to announce its partnership with ConstructionReports.com, the leading construction bidding and lead service for commercial contractors in the Southwest. Construction Funding Transparency Gets Clear Boost By recommending its members use the DrawAlert Certified Project Portal, ConstructionReports.com members will benefit from a more transparent construction funding process that includes an easy-to-use, cloud-based project…Read More
Pay Transparency Rule: What ELSE Must Contractors Do?
Last year, the Pay Transparency Rule was issued into effect by Executive Order (EO). On Sept. 10, 2015, the Labor Department’s Office of Federal Contract Compliance Programs announced a final rule prohibiting federal contractors and subcontractors from maintaining pay secrecy policies and from discriminating against employees and applicants who discuss, disclose or inquire about compensation….Read More
Top 10 Construction Lien Errors
Following last week’s blog about the Importance of Knowing State Lien Laws, the DrawAlert team thought we would share an interesting article we came across. This article was written by Florida attorney, Brian P. Deeb. Remember to check with your state’s specific Lien Laws, and enjoy this list of the Top Ten Construction Lien Law…Read More
The Importance of Knowing State Lien Laws (and Yes, They are ALL Different)
Lien waivers play an essential, if complicated, role in the construction industry funding process. The basic concept of the Mechanic’s lien law is to provide an additional protection of payment for workers and suppliers who perform services to improve real or personal property. However, lien laws are complex, technical and nearly constantly changing or being…Read More
Stakeholder Transparency on Every Construction Project
We all know that transparency is important, it is especially important when it comes to the construction process. In the typical construction process Owners engage a General Contractor who in turn hires Subcontractors. The respective contractors engage Lien Servicing Companies to provide Pre Lien filings which get sent to the Owner’s Rep. This can be…Read More
The Prompt Pay Act – How It Affects You
Changes to the Prompt Pay Law were enacted in 2010 and apply to any construction contract where the initial distribution of plans by an Owner to a Contractor or Subcontractor (including bid plans and construction plans, specifications or contract documents) occurs on or after January 1, 2011. The Prompt Pay Statute was enacted to ensure…Read More
What Can You Add to Design Build to Improve Results?
Design-build construction methods, where the designer and constructor are the same entity or are on the same team rather than being hired separately by the owner is gaining ground as a significant trend in design and construction today. By positioning the designer and the constructor together (or by having the same person do the job),…Read More