How You Benefit
Whether you are the project owner, general contractor, or lender, using our fund control company will simplify the payment process and provide centralized project accounting along with scanned project records.
Benefits
Why Dixieline Builders Fund Control?
- DBFC holds all funds in trust and disburses only when directed by authorized parties
- DBFC collects lien releases, receives preliminary notices, and tracks them electronically
- Annual 1099 reporting to the Federal and State Governments for all eligible payees
- Neutral Third Party
- Fund Control is often used in lieu of a performance bond
- Detailed Budget Accounting and central repository of all books and records
- All budget adjustments will require approval by all parties so that everyone is aware of any changes made to the cost breakdown
- Offers inspection services that provide a written report with photos substantiating the progress of the construction
- Trust funds are segregated from all non-project creditors
- 24 hour online access to records and draw request preparation
- No limit to time duration or number of draw requests
- DBFC stores all records for a minimum of 10 years to comply with construction defect laws
- Ability to issue payments via Check, Wire, or ACH