Owner Benefits Using DrawAlert
As an owner of a construction project, protecting and tracking your funds is one of your top priorities. DrawAlert makes this process easy, by opening communication between all parties of the project so ensure best practices, and provide time and cost savings to all of the stakeholders.
The Key Features of DrawAlert for Owners
While construction project lenders, contractors, and stakeholders utilize DrawAlert, there are a few key features that are tailored specifically to owners:
- Risk Mitigation – when you use DrawAlert, you’re ensuring that your money stays on a specific construction project.
- Visibility – Transparency is key with DrawAlert, and being able to see who is responsible for what part of your project is a dynamic characteristic of the robust dashboard.
- Warranty Documents – All of the warranties for your construction project stay in one place when you use DrawAlert. As an owner, you’ll receive alerts for warranties that are about to expire, and can access all of your warranties for the life of the warranty, not the life of your specific construction project.
You know as a construction owner that there is little room for error. By using DrawAlert, you’re able to save time, reduce costs, and improve the results of your construction project.
Project and Stakeholder Ratings
A simple, but effective way we like to keep a construction project transparent is through the DrawAlert peer-rated directory and project scorecard. This helps to identify and attract best-practices contractors across all 50 states. After each DrawAlert project, the owner, prime contractors, and subcontractors submit ratings for one another. These ratings are collected for you in the project scorecard, helping you assess overall project success and identify potential issues for future projects.
As an owner on a DrawAlert project, you’ll also have full stakeholder visibility through the robust dashboard, receive draw notifications, and have access to all of the documents available for the construction project. A DrawAlert Certified Project supports a professional and respectful business relationship between all stakeholders.