Construction Funding Goes On Alert
DrawAlert™ Debuts Real-Time Solution to Provide Construction Funding Transparency
PHOENIX, Oct. 23, 2015 /PRNewswire/ -- The construction industry has a new, web-based tool with the goal to provide Construction Funding Transparency on all projects, providing visibility to all parties involved. DrawAlert is a state-of-the-art online portal that provides project and pre-lien dashboards, a peer-rated Contractor directory and real-time transmission data of draw release data that is visible to all stakeholders, including banks, owners, general contractors, subcontractors and lien services.
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"The construction industry needs a transparent funding process," said Tom Pritscher, President of TEPCON and Co-Founder of DrawAlert. "DrawAlert provides that transparency while fostering professional and respectful business partnerships for all key stakeholders."
"Even with the best of draw schedules, communication issues can lead to funding delays," said Ted Ritter, Principal of LMI360 and Co-Founder of DrawAlert. "Any construction project delay can quickly spiral into increased project costs and increased anxiety by all parties."
A DrawAlert Certified Project provides construction funding transparency and peace of mind that only top-rated contractors and sub-contractors are selected. Stakeholders are electronically notified when a draw is funded, reducing the typical burden of managing project stakeholders and the pre-lien process. Utilizing the DrawAlert solution increases quality and productivity on projects while reducing risk. How DrawAlert works:
- Lenders require use of the DrawAlert Portal
- Owners invite their General Contractor of choice
- General Contractors invite Subcontractors and Suppliers
- Contractors can provide access to Lien Services
- Everyone is notified when draws are released
- All project members have a project-specific dashboard and resource directory
For more information about DrawAlert, please visit www.drawalert.com or call (877) 909-1776.
About DrawAlert: Our solution electronically informs all stakeholders when a draw is funded, reduces the typical burden of managing project stakeholders and the pre-lien process. Utilizing the DrawAlert solution increases quality and productivity on projects while reducing risk. For more information, please visit www.drawalert.com.
About LMI360 (DrawAlert co-founding company): With a core belief that clients deserve a positive return on their sales and marketing investment, LMI360 is a B2B Outsourced Sales and Marketing organization focused on commercial service and technology providers that support the commercial built environment. Our services are centered on a Sales 2.0 Process which is used by many of the Fortune 500 companies to optimize engagement and brand recognition, while accelerating actionable market opportunities. For information, visit www.lmi360.com.
About TEPCON Construction (DrawAlert co-founding company): With over a century of construction management experience, we know to start every job the same way – by listening. At TEPCON, our clients come first. That's why we are Arizona's only full-service, self-performing general contractor to be available 24/7 to meet your every commercial construction need. From Project Construction, to Facility Construction, to Restoration Construction services, you can trust TEPCON to safely deliver superior service and to consistently exceed your expectations. For information, visit www.tepcon.com.
For more information, please contact:
Tom Pritscher
Co-founder and Principal, DrawAlert
Email
(877) 909-1776
SOURCE DrawAlert
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