What is funds administration?

Why should a contractor
use funds administration?

How does the
process work?

What are the benefits
of using CBR?

Who else can benefit
from this service?

How does a contractor
get started?

Online Order
Form

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A Danielson Indemnity Company

All contract funds received from the project are deposited into a special "Disbursement Account" established for the Contractor or Borrower at an FDIC insured commercial bank.

The Contractor or Borrower provides CBR with a copy of the contract with the Owner or General Contractor, along with a detailed cost breakdown including the names of all subcontractors and material suppliers, the anticipated overhead and profit, and all other items for which payment is to be made.

CBR pays the Contractor and the Contractor's subcontractors and suppliers upon receipt of fully executed vouchers from the Contractor or Borrower.

At the completion of the project, any funds remaining in the account are paid to the Contractor or Borrower after all contractual obligations are satisfied.

CBR, where appropriate, utilizes engineers and architects to make periodic visits to construction sites to check on the status of the project.