Construction Funding Gets Clear Boost

PHOENIX, Feb. 25, 2016 /PRNewswire/ -- DrawAlert is proud to announce its partnership with ConstructionReports.com, the leading construction bidding and lead service for commercial contractors in the Southwest. 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 dashboard for pre-lien data, which automatically notifies stakeholders when a draw is released, and a peer-rated contractor directory.

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"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."

"At ConstructionReports.com, we pride ourselves on our strong relationships with the local and national owners, developers and commercial builders who are building in Arizona," said Brad Blaicher, General Manager of ConstructionReports.com. "We believe that DrawAlert will provide strong value to our members, by providing a more professional project approach that will save them time, money and headaches."

The DrawAlert Certified Project Portal mitigates risk and improves project performance by:

• Reducing Overall Project Cost
• Reducing Overhead Costs Tied to Pre-Liens
• Supporting Transparent Operations
• Improving Communication with the Project Team
• Streamlining Operations

There is no fee for Owners and Lenders to utilize the DrawAlert Portal, so it's a win-win for all involved. The only costs every involved are a per project fee of $450.00 for General Contractors and $75.00 for Subcontractors.

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 ConstructionReports.com: ConstructionReports.com offers members direct access to local reporters in Arizona, Utah, New Mexico and Nevada for fresh leads. For more information, visit www.constructionreports.com.

For more information, please contact:
Tom Pritscher
Co-founder and Principal, DrawAlert
Email
(877) 909-1776

SOURCE DrawAlert

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